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Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $20 million of 6% bonds, dated January 1, on January 1,208. Management has the postive Intent and ablity to hold the bonds untl maturty. For bonds of similar risk and maturity the market yleld was 896 The price paid for the bonds was St92 million. Interests received semiannually on June 30 and December 31, Due to changing market conditions, the fair value of the bonds at December 31, 2018, was $200 million. Required 1. 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, 2018, balance sheet? 5. How would Fuzzy Monkey's 2018 statement of cash flows be affected by this Investment? Complete this question by entering your answers in the tabs below. Req 1 to 3 Req 4 Req 5 Prepare 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 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).) View traneaction Bet Journal entry worksheet Record Fuzzy Monkey's investment on bonds on January 1, 2018. Note: Enter debits before credits Date General Journal Debit Credit January 01. 2018

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