Fuzzy Monkey Technologles, Incorporated purchased as a long$-$term Investment $$220$ million of $8\%$ bonds, dated January $1,$ on

January $1,2024.$ Management has the positive intent and ability to hold the bonds untll maturity. For bonds of similar risk and maturlty

the market yleld was $10\%.$ The price pald for the bonds was $$201$ million. Interest is recelved semlannually on June $30$ and December

Due to changing market conditions, the falr value of the bonds at December $31,2024,$ was $$210$ million.

Requlred:

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?

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.$)$

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Req $1$ to $3$

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 rounded to $2$ decimal places $($i$.$e$.,5,500,000$

should be entered as $5\mathrm{.}50).$