Problem 12-3 (Algo) Securities available-for-sale; bond investment; effective interest; financial statement effects [LO12-1, 12-4] Fuzzy Monkey Technologies, Incorporated purchased as a long-term investment $90 million of 6% bonds, dated January 1 , on January 1, 2024. Management intends to have the investment avallable for sale when clrcumstances warrant. For bonds of similar risk and maturity the market yleld was 8%. The price pald for the bonds was $73 million. Interest is recelved semlannually on June 30 and December 31. Due to changing market conditions, the far value of the bonds at December 31,2024 , was $80 million. Required: 1. to 3. Prepare the relevant journal entrles on the respective dates (record the Interest at the effective rate). 4-8. At what amount will Fuzzy Monkey report its Investment in the December 31, 2024, balance sheet? 4-b. Prepare the entry necessary to achleve this reporting objectlve. 5. 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.) Complete this question by entering your answers in the tabs below. Prepare the relevant joumal entries on the respective dates (record the interest at the effective rate), Note: 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 ). Journal entry worksheet Record Fuzzy Monkey's investment on bonds on January 1, 2024. Notel Enter debits before credits, 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 sheet? Note: Do not round intermediate calculations, Enter your answer in millions ( (.0,10,000,000 should be entered as 10). Complete this question by entering your answers in the tabs below. Prepare the entry necessany to achieve this reporting objective. Note: If noentry 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). Show les5 Journal entry worksheet Record any necessary entry to report the investment at the correct value on the balance sheet. Note: Enter debits before credits. 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, (i.e., 5,500,000 should be entered as 5.5)