Fuzzy Monkey Technologies, Inc., purchased as a long term investment $230 million of 10% bonds, dated January 1, on January 1 2021. Management intends to have the investment available for sale when circumstances warrant. For bonds of similar risk and maturity the market yield was 12%. The price paid for the bonds was $210 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 $220 million Required: 1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). 4-a. At what amount will Fuzzy Monkey report its investment in the December 31, 2021, balance sheet? 4-b. Prepare the entry necessary to achieve this reporting objective. 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) Reg 1 to 3 Reg 4 Reg 4B Reg 5 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 (.e., 10,000,000 should be entered as 10).) Investment million Journal entry worksheet Record any necessary entry to report the investment at the correct value on the balance sheet. Note: Enter debits before credits General Journal Debit Credit Date December 31 2021 Record entry Clear entry View general journal 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, (l.e., 5,500,000 should be entered as 5.5).) Operating cash flow Investing cash flow million million