company management is holding the bonds in its

Check my work Tanner-UNF Corporation acquired as an investment $240 million of 6% bonds, dated July 1, on July 1, 2021 Company management is holding the bonds in its trading portfolio The market interest rate d was for bonds of similar risk and maturity. Tanner-UNF paid $200 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 $210 milion 012 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 11, 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. $190 million Prepare the maleries required on the date of Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg3 Reg 4 no Prepare any additional journal entry necessary for Tanner-UNF to reports investment in the December 31, 2021. balance sheet. 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).) References View transaction list View journal entry worksheet Date General Journal Deba Credit December 31, Fa u stment Gain on investment furrealized, N)