Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $80 million of 8% bonds, dated January 1, on January 1, 2011. Management intends to have the investment available for sale when circumstances warrant. When the company purchased the bonds, management elected to account for them under the fair value option. For bonds of similar risk and maturity the market yield was 10%. The price paid for the bonds was $66 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, 2011, was $70 million. Prepare the journal entries by Fuzzy Monkey to record interest on December 31, 2011 (at the effective rate). (Enter your answers in millions of dollar rounded to 2 decimal places. Omit the "$" sign in your response.) General Journal Debit Credit