Trading securities; bond investment; effective interest; financial statement effects LO$12-1,12-3$ Fuzzy Monkey Technologies, Incorporated purchased as a shortterm investment $$220$ million of $8\%$ bonds, dated January $1,$ on January $1,2024$Management intends to include the investment in a short$-$term, active trading portfolioFor bonds of similar risk and maturity the market yield was $10\%$ The price paid for the bonds was $$201$ millionInterest is received semiannually on June $30$ and December Due to changing market conditions, the fair value of the bonds at December $31,2024$was $$210$ million Required: to $3.$ Prepare the relevant journal entries on the respective dates $($record the interest at the effective rate$)$ At what amount will Fuzzy Monkey report its investment in the December $31,2024$ balance sheet? $4-$Prepare any entry necessary to achieve this reporting objective 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$)$