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value: 10.00 points Fuzzy Monkey Technologies, Inc., purchased as a short-term investment S100 million of 8% bonds, dated January 1, on January 1, 2016. Management
value: 10.00 points Fuzzy Monkey Technologies, Inc., purchased as a short-term investment S100 million of 8% bonds, dated January 1, on January 1, 2016. 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 $82 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, 2016, was $90 million. Required: 1. to 3. Prepare the relevant journal entries on the respective datet fonot thuiu
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