Securities held$-$to$-$maturity; bond investment; effective interest; financial statement effects LO$12-1,12-2$ Fuzzy Monkey Technologies, Incorporated purchased as a longterm investment $million of $6*$ bonds, dated January on January $12024$ Management has the positive intent and ability to hold the bonds until maturityFor bonds of similar risk and maturity the market yield was $8\%$The price paid for the bonds was $$64$ millionInterest is received semiannually on June $30$ and December $31$ to changing market conditionsthe fair value of the bonds at December $31,2024,$ was $$70$ million Required: 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? 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$)$