can you please help me with requirement 4? thank you.

Tanner-UNF Corporation acquired as a long-term investment $230 million of 8% bonds, dated July 1, on July 1, 2021. Company management has classified the bonds as an available for sale investment. The market interest rate yield) was 10% for bonds of similar risk and maturity, Tanner-UNF paid $210 million for the bonds. The company will receive interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2021, was $220 million. Required: 1. & 2. Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2021 and interest on December 31, 2021, at the effective (market) rate 3. Prepare any additional Journal entry necessary for Tanner-UNF to report its investment in the December 31, 2021, balance sheet. 4. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2022, for $200 million Prepare the journal entries necessary to record the sale, including updating the falr-value adjustment, recording any reclassification adjustment, and recording the sale Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Req4 Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2022, for $200 million. Prepare the journal entries necessary to record the sale, including updating the fair- value adjustment, recording any reclassification adjustment, and recording the sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place, (le, 5,500,000 should be entered as 5.5).) Show less No General Journal Credit 1 Date January 02, 2022 Loss on investment (NI) Fair value adjustment Debit 20.0 O 20.0 2 * January 02, 2022 Cash Loss on investment (NI) Investment in bonds 200.0 18.73 230.0 3 January 02, 2022 Loss on investment (unrealized, NI) Fair value adjustment X 20.03 O 20.0 %