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Tanner-UNF Corporation acquired as a long-term investment $360 million of 70% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until maturity. The market interest rate (yield) was 8% for bonds of similar risk and maturity. Tanner-UNF paid $320.0 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, 2021, was $330.0 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. At what amount will Tanner-UNF 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 $3100 milion Prepare the journal entry to record the sale. Complete this question by entering your answers in the tabs below. Pe 1 and 2 Red R4 Prepare the joumal 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. (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. (.e., 5,500,000 should be entered as 5.5):)