Problem 12-2 (Algo) Trading securities; bond investment; effective interest [LO12-1, 12-3] Euzzy Monkey Technologies, Inc., purchased as a short-term investment $140 million of 10% bonds, dated January 1 , on January 1, 2021. Management intends to include the Investment in a short-term, actlve trading portfollo. For bonds of similar risk and maturity the narket yield was 12%. The price paid for the bonds was $124 million. Interest is received semiannually on June 30 and December 31 . Due to changing market conditions, the fair value of the bonds at December 31,2021 , was $130 million. Required: 1. to 3. Prepare the relevant joumal 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, 2021 balance sheet? 4b. Prepare any entry necessary to achieve this reporting objective. 5. How would Fuzzy Monkey's 2021 statement of cash flows be affected by this investment? (If more than one approach is possible. indicate the one that is most likely.) Complete this question by entering your answers In the tabs below. Prepore 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 joumal entry required" in the first account feld. Do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places, (1.e, 5,500,000 should be entered as 5.50).) Journal entry worksheet Record Fuzzy Monkey's investment on bonds on Jaruary 1, 2021