Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $100 million of 8% 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 10%. The price paid for the bonds was $82 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 $90 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.) answers in millions rounded to 2 decimal places, (i.e., 5,500,000 should be entered as 5.50).) View transaction list View journal entry worksheet X Debit Credit No 1 Date General Journal January 01, 2021 Investment in bonds Cash Discount on bond investment 2 June 30, 2021 Cash Discount on bond investment Interest revenue 3 December 31, 2021 Cash Discount on bond investment Interest revenue Req 1 to 3 Req 4A Req 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 (i.e., 10,000,000 should be entered as 10).) Investment million Reg 1 to 3 Reg 4A Reg 4B Req 5 Prepare the entry necessary to achieve this reporting objective. (If no entry is required for a transaction/event, select "No entry required" in the first account field. Do not round intermediate calculations. Enter your answers in millions rounded to 2 places, i.e., 5,500,000 should be entered as 5.50).) View transaction list View journal entry worksheet No General Journal Debit Credit Date December 31, 2021 1 Fair value adjustment Gain on investments (unrealized, OCI) Reg 1 to 3 Reg 4A Reg 4B 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 1 decimal place, i.e., 5,500,000 should be entered as 5.5).) Operating cash flow Investing cash flow million million