January $1,2024.$ Management intends to have the investment available for sale when circumstances warrant. For bonds of similar risk and maturity the market yield was $12\%.$ The price paid for the bonds was $$178$ million. Interest is received semiannually on June $30$ and December $31.$ Due to changing market conditions, the fair value of the bonds at December $31,2024,$ was $$190$ million.

Required:

to $3.$ Prepare the relevant journal entries on the respective dates $($record the interest at the effective rate$).$

$4-$a$.$ At what amount will Fuzzy Monkey report its investment in the December $31,2024,$ balance sheet?

$4-$b$.$ Prepare the entry necessary to achieve this reporting objective.

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.$)$

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

Screenshot

Prepare the entry necessary to achieve this reporting objective.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first ac intermediate calculations. Enter your answers in millions rounded to $2$ decimal places, $($i$.$e$.,5,500,00$

Journal entry worksheet

$1$

Record any necessary entry to report the investment at the correct value on the balance sheet.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit,$],[$December $31,,,,,],[2024,,,,]]$

Answer is not complete.

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

$\backslash$table$[[$Req $1$ to $3,$Req $4,$Req $5],[\backslash$table$[[$At what amount will Fuzzy Monkey report its$],[$intermediate calculations. Enter your answer$],[5\mathrm{.}50).)]]],[$Investment$,,$million$]]$

Answer is not complete.

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

Req $1$ to $3$

Req $4$

Req $5$

How would Fuzzy Monkey's $2018$ statement of cash flows be affected by this investment? $($Do not round intermediate calculations. Enter your answers in millions rounded to $1$ decimal place, $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}5).)$

$\backslash$table$[[,,,],[\backslash$table$[[$Operating cash$],[$fow$]],,$million,$],[$Investing cash flow,,million,$]]$Please answer all questions, thank you!