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can someone please help me im having a hard time understanding hiw to complete. please and thank you. Fuzzy Monkey Technologies, Inc, purchased as a

can someone please help me im having a hard time understanding hiw to complete. please and thank you.
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Fuzzy Monkey Technologies, Inc, purchased as a long term investment $180 million of 6% bonds, dated January 1, on January 1, 2021 Management has the positive intent and ability to hold the bonds until maturity For bonds of similar risk and maturity the market yield was 8% The price paid for the bonds was $160 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, 2021 was $170 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, 2021 balance sheet? 5. How would Fuzzy Monkey's 2021 statement of cash flows be affected by this investment? (if more than one approach is possible. Indicate the one that is most likely) Complete this question by entering your answers in the tabs below. Realto Reg 4 Reg 5 ent at the effective rate) ar no entry is required for Reg 1 to 3 Reg 4 Reg 5 Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round Intermediate calculations, Enter your answers in millions rounded to 2 decimal places, (.e. 5.500,000 should be entered as 5.50).) View transaction list View journal entry worksheet No Debit Credit 1 Date General Journal January 01, 2021 Investment in bonds Discount on bond Investment Cash 180.00 2000 160.00 2 June 30 2021 Cash Discount on bond investment Interest revenue 5:40 1.00 5:40 December 31 2021 5.30 Canh Discount on bond investment Interest revenue Reg 4 > 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, 2021 balance sheet? 5. How would Fuzzy Monkey's 2021 statement of cash flows be affected by this investment? (if more than one approach is possible. indicate the one that is most likely) Complete this question by entering your answers in the tabs below. Reg 1 to 3 Reg4 Regs At what amount will Fuzzy Monkey report its investment in the December 31, 2021 balance sheet? (Do not round Intermediate calculations Enter your answer in millions rounded to 2 decimal places, (..., 5,500,000 should be entered as 5.50). Investment 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, 2021 balance sheet? 5. How would Fuzzy Monkey's 2021 statement of cash flows be affected by this investment? If more than one approach is possible indicate the one that is most likely) Complete this question by entering your answers in the tabs below. Reg i to 3 Reg4 Reg 5 How would Fuzzy Monkey's 2021 statement of cash flows be affected by this investment? (If more than one approach is possible, indicate the one that is most likely.) (Do not round Intermediate calculations. Enter all amounts as positive values Enter your answers in millions rounded to i decimal place, (... 5,500,000 should be entered as 5.5)) Operating cash flow Investing cash flow million million

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