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Fuzzy Monkey Technologies, Inc., purchased as a short-term investment $80 million of Management intends to include market yield was 10%. The price paid for the

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Fuzzy Monkey Technologies, Inc., purchased as a short-term investment $80 million of Management intends to include market yield was 10%. The price paid for the bonds was $66 million. Interest is received semiannually on June 30 and Dec 8% bonds, dated January 1, on January 1, 2018. the investment in a short-term, active trading portfolio. For bonds of similar risk and maturity the Due to changing market conditions, the fair value of the bonds at December 31, 2018, was $70 million. Required: 1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate) 4-o. 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 5. How would Fuzzy Monkey's 2018 statement of cash flows be affected by this investment? Complete this question by entering your answers in the tabs below. Req 1 to 3Req 4A Req 4B Req 5 y report its investment in the December 31, 2018, balance sheet? (Enter your answer in At what amount will Fuzzy Monke millions (i.e., 10,000,000 should be entered as 100 million Req 1 to 3 Req 4B x

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