Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $150 million of 6% bonds, dated January 1, on January 1, 2016. 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 $133 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, 2016, was $140 million.

• Record the Fuzzy Monkeys investment in bonds on January 1, 2016.
• Record the interest revenue on June 30, 2016.
• Record the interest revenue on December 31, 2016.