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As a long-term investment at the beginning of the 2024 fiscal year, Florists International purchased 30% of Nursery Supplies Incorporated's 10 million shares for $58 million. The fair value and book value of the shares were the same at that time. During the year, Nursery Supplies earned net income of $30 million and distributed cash dividends of $3.00 per share. At the end of the year, the fair value of the shares is $54 million. Record the investment in Nursery Supplies shares. Record the investor's share of net income. Record the cash dividends received from Nursery Supplies shares. 4 Record fair value adjustment at year-end. Fizer Pharmaceutical paid $78 million on January 2, 2024, for 6 million shares of Carne Cosmetics common stock. The investment represents a 25% interest in the net assets of Carne and gave Fizer the ability to exercise significant influence over Carne's operations. Fizer received dividends of $2 per share on December 21,2024 , and Carne reported net income of $28 million for the year ended December 31, 2024. The fair value of Carne's common stock at December 31, 2024, was $28.50 per share. - The book value of Carne's net assets was $192 million. - The fair value of Carne's depreciable assets exceeded their book value by $48 million. These assets had an average remaining useful life of twelve years. - The remainder of the excess of the cost of the investment over the book value of net assets purchased was attributable to goodwill. Required: Complete the table below and prepare the appropriate journal entries related to the investment during 2024 . 5 Record the fair value adjustment at year-end. Fuzzy Monkey Technologies, Incorporated purchased as a long-term investment \$220 million of 8\% bonds, dated January 1 , on January 1, 2024. Management has the positive intent and ability to hold the bonds until maturity. For bonds of similar risk and maturity the market yield was 10%. The price paid for the bonds was $201 million. Interest is received semiannually on June 30 and December 31. Due to changing market conditions, the fair value of the bonds at December 31,2024 , was $210 million. Required: 1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). 4. At what amount will Fuzzy Monkey report its investment in the December 31, 2024 balance sheet? 5. How would Fuzzy Monkey's 2024 statement of cash flows be affected by this investment? (If more than one approach is possible, indicate the one that is most likely.) Record Fuzzy Monkey's investment on bonds on January 1, 2024. Note: Enter debits before credits. Record the interest revenue on June 30, 2024. Note: Enter debits before credits. Record the interest revenue on December 31, 2024. Note: Enter debits before credits. At what amount will Fuzzy Monkey report its investment in the December 31, 2024 balance sheet? Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50). How would Fuzzy Monkey's 2024 statement of cash flows be affected by this investment? (If more than one approach is possible, indicate the one that is most likely.) Note: Do not round intermediate calculations. Enter all amounts as positive values. Enter your answers in millions rounded to 1 decimal place, (i.e., 5,500,000 should be entered as 5.5)