make sure to focus on avaliable-for-sale securties as stated in question

E 12-10 Available-for-sale securties (S) LO12-1, B: LO12-4 [Tuis is a varation of E121 inotified to focis on avalabye for sale secuaties. Taumer UNF Coupotation acruired as a longterm wwestment \$ 340 mition of 6$ bonds, dated Jity 1, on Juty 1, 2024. Couzumy and matarity. Tanser VNF paid $200 mition for the boukf. The company will fective interest semiamaally on Jime 30 aut December 31. As a result of chanqing naiket conditioes, the fair vilie of the bonds at December 31 , 2024, was 5210 mitlion. Required: 1. Nitpare the jouraal entry to iccoid Txane UNF s imsutment is the toahts on July 1, 2024. 2. Vrepore tise journal entry by Tariei UNI to iecord interest on December 31. W024, at the effectivo (marked) tate: atyessment, lecoblieg any reclasvification angadmest, and recording the sale E 12-10 Available-for-sale securities (\$) LO12-1, (\$) LO12-4 [This is a variation of E 12 - 1 modified to focus on availableforsate securities.] Tanner UNI Corporation acquired as a long rerm iuvestment \$240 million of 6% bonds, dated July I, on July I, 2024. Compauy managemeat has classified the bonds as ar avaitablefor-sale imvestment. The maiket interest nte (yield) was 8% fot bonds of similar tisk and maturity. Tanner UNE paid $200 million for the bonds. The conpany will teceive iaterest semanmally on Juae 30 and December 31 As a result of clngging maket conditions, the fair value of the bonds at December 31. 2024, was $210 million. Required: 1. Prepare the journal entry to record Tanner UNF s imestacat in the boads on July 1.2024. 2. Prepare the journal entry by Tanner UNF to record interest on December 31, 2024, at the effective ( market) tate. 3. Prepare any additional journal entry necessary for Tatuer UNF to repont is investment in the Decenber T11, 2024, balance sheet. 4. Suppose Moody's bond rating agency downgnaled the risk rating of tie bonds motivating Tauner UNF to sell the investmeut on January 2, 2025, for $190 miltion. Prepare the journal entries necessary to record the sate, including updating the fair-value adjustuent, recording any reclassiflcation adjustment, and recording the sale