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Chapter 12 Homework Helg Seve Check my word 1 2 port Fuzzy Monkey Technologies, Inc. purchased as a long-term investment 5230 million of 10% bonds,

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Chapter 12 Homework Helg Seve Check my word 1 2 port Fuzzy Monkey Technologies, Inc. purchased as a long-term investment 5230 million of 10% bonds, dated January 1, on January 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 1236. The price paid for the bonds was $210 milion Interest is received semiannually on June 30 and December 31. Due to changing market conditions, the fair wlue of the bonds at December 31, 2021, was $220 million Required: 1. to 3. Prepare the relevant joumal entries on the respective dates record the interest at the elective rate 4. At what amount will Fuazy 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? Of more than one approach is possible indicate the one that is most likely eBook Rote Complete this question by entering your answers in the tabs below. Reg 5 Reg 1 to R4 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, 6, 5,500,000 should be entered as 5.5)

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