Fuzzy Monkey Technologies, Incorporated purchased as a long-term investment $80 million of 6% bonds, dated January 1 , on January 1, 2024. 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 $64 million. Interest is received semiannually on June 30 and December 31. Due to changing market conditions, the fair value of the bonds at December 31,2024 , was $70 million. Required: 1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). 4. At what amount will Fuzzy Monkey report its investment in the December 31, 2024 balance sheet? 5. How would Fuzzy Monkey's 2024 statement of cash flows be affected by this investment? (ff more than one approach is possible, indicate the one that is most likely) Complete this question by entering your answers in the tabs below. Prepare the relevant journal entries on the respective dates (record the interest at the effective rato). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculationa. Enter your answers in millions rounded to 2 decimal places, ( 6.4,5,500,000 should be entered as 5.50 ). Journal entry worksheet Rocord Fuzzy Monkey's investment on bonds on January 1, 2024. Notet Enter debts before credits. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). Note: if no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Do intermediate calculations. Enter your answers in millions rounded to 2 decimal places, (1,e, 5,500,000 should be ent Journal entry worksheet Record Fuzzy Monkey's investment on bonds on January 1, 2024. Note: Enter debits before credits. Fuzzy Monkey Technologies, Incorporated purchased as a long-term investment $80 million of 6% bonds, dated January 1 . 1, 2024. Management has the positive intent and ability to hold the bonds until maturity. For bonds of similar risk and maturit market yield was 8%. The price paid for the bonds was $64 million. Interest is received semiannually on June 30 and Decen Due to changing market conditions, the fair value of the bonds at December 31, 2024, was $70 million. Required: 1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). 4. At what amount will Fuzzy Monkey report its investment in the December 31, 2024 balance sheet? 5. How would Fuzzy Monkey's 2024 statement of cash flows be affected by this investment? (If more than one approach is indicate the one that is most likely.) Complete this question by entering your answers in the tabs below. At what amount will Fuzzy Monkey report its investment in the December 31,2024 balance sheret? Note: Do not round intermediate calculations. Enter your answer in milforn rounded to 2 decipal placop (1,6,5,500,000 should be entered as 5.50 ). Fuzzy Monkey Technologies, Incorporated purchased as a long-term investment $80 million of 6% bonds, dated January 1, o 1, 2024. Management has the positive intent and ability to hold the bonds until maturity. For bonds of similar risk and maturity market yield was 8%. The price paid for the bonds was $64 million. Interest is received semiannually on June 30 and Decem Due to changing market conditions, the fair value of the bonds at December 31,2024 , was $70 million. Required: 1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate) 4. At what amount will Fuzzy Monkey report its investment in the December 31, 2024 balance sheet? 5. How would Fuzzy Monkey's 2024 statement of cash flows be affected by this investment? (if more than one approach is p indicate the one that is most likely.) Complete this question by entering your answers in the tabs below. How would Fuzzy Monkey's 2024 statement of cash flows be affected by this investment? (If more than one approach is possible, indicate the one that is most likely.) Note: Do not round intermediate calculations. Enter all amounts as positive values. Enter your answers in millions rounded to 1 decimal place, (1.e., 5,500,000 should be entered as 5.5)