Fuzzy Monkey Technologies, Incorporated purchased as a short$-$term investment $$220$ million of $8\%$ bonds, dated January $1$on January $1,2024.$ Management intends to include the investment in a short$-$term, active trading portfolio For bonds of similar risk and maturity the market yield was $10\%$The price paid for the bonds was $$201$ million Interest is received semiannually on June $30$ and December $31.$ Due to changing market conditions, the fair value of the bonds at December $312024,$ was $$210$ million

Required: 

$3.$ 

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? 

$4-$b$.$ Prepare any entry necessary to achieve this reporting objective 

$5.$ How would Fuzzy Monkey's $2024$ statement of cash flows be affected by this investment? $($ more than one approach is possible indicate the one that is most likely$)$