Fuzzy Monkey Technologies, Inc., purchased as a short-term investment $210 million of 6% bonds, dated January 1, on January 1, 2018. Management intends to include the investment in a short-term, active trading portfolio. For bonds of similar risk and maturity the market yield was 8%. The price paid for the bonds was $192 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, 2018, was $200 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, 2018, balance sheet? 4-b. Prepare any entry necessary to achieve this reporting objective. 5. How would Fuzzy Monkey's 2018 statement of cash flows be affected by this investment?

Req 1 to 3 Req 4A Req 4B Req 5 Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations Enter your 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 No Date General Journal Debit Credit January 01, 2018 Investment in bonds 210.00 Discount on bond investment 18.00 Cash 192.00 2 June 30, 2018 Cash 6.30 Discount on bond investment 1.38 Interest revenue 7.68 December 31 2018 Cash 6.30 Discount on bond investment Interest revenue 7.68