Check my wo Taner UNF Corporation acqu red as a long term, i estment S360 milion of 80% bonds, dated July t on July t 20 8 Company management has the positive intent and ability to hold the bonds until maturity The market interest rate similar risk and maturity Tanner-UNF and December 31 As a result of changing market conditions, the fair value of the bonds at December 31, 201s, was $3400 millon eld) was 07% for bonds of paid $3300 million for the bonds The company will receive interest semiannually on June 30 1.&2 Prepare the jounal entry to record Tanner -UNF's the effective (market) rate. 3. At what amount will Tanner-UNF in the 4. Suppose Moody's bond rating agency downgraded the risk rating of the January 2, 2019, for $3200 milion Prepare the journal entry to record the investment in the bonds on July 1, 2018 and interest on December 31, 2018, at UNF report its investment in the December 31, 2018, balance sheet? bonds motivating Tanner UNIF to sll the investment on e this question by entering your answers in the tabs below eq 1 and 2 Reg 3 Req 4 Prepare the journal entry to record 2018, at the effective (market) rate. (If no entry is required Tanner UNF's investment in the bonds on July 1, 2018 and interest on December 31, account feld. Enter your answers in milions rounded to I decimal place, (Ge. 5.500,000 shouild be tered as5.5)-) for a transaction/event, select "No jounal entry required" in the Journal entry worksheet Record Tanner-UNF's investment in the bonds on July 1, 2018 delits before Prev 1 or4 axt AIt Can