Da ptert2 Investments. Correct xCTanner-UNF Corporation AC 313 Summer omework Help Save & Exi Tanner-UNF Corporation acquired as a long-term investment S 290 million of 60% bonds, dated July 1, on July 1, 208. Company management has the positive intent and ability to hold the bonds until maturity. The market interest rate (yield) was 7% for bonds of similar risk and maturity. Tanner-UNF paid $260.0 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, 2018, was $2700 million Required: 1. & 2. Prepare the journal entry to record Tanner UNF's investment in the bonds on July 1, 2018 and interest on December 31, 2018, at the effective (market) rate 3. At what amount will Tanner-UNF report its investment in the December 31, 2018, 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, 2019, for $2500 million Prepare the journal entry to record the sale Complete this question by entering your answers in the tabs below Req 1 ari 2 R Req 3 Req 4 Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2018 and interest on December 31, 2018. at the erfective(market) rate. (If no entry is required for a transaction/event, select-No journal entry required. in the first account field. Enter your onswers in mitions rounded to 1 decimal place, (I.e., 5,500,000 should be entered as 5.5).) Diacount on bond investment 260.0 on bond investment 8