PLEASE HELP ASAP !!! MAKE SURE YOU ANSWER 4 REQUIREMENTS . THANK YOU THUMBS UP!!

Tanner-UNF Corporation acquired as along-term investnient S2S' million 'bf 5.0% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability holdi until maturity_ The market interest rate (yield) was 7% for bonds of Similar risk, hd maturity. Tanner-UNFpaid $2iO.O million for the bonds- The company Will receive interest semiannually On June 30'and December 31. result ?fiChpngjngmarket conditions, the fair value of the bonds at December '20?1J 'Was' S2200 million. Required: 1. & 2. Prepare entiyto record Tanner-UNF i' on July I, 2021 and interest on December '31.2021, at the effeCtive (market) rate. 3. At what amount Wi!l Tanner-UNF report its invest ent in the:bembi 31,' 2021, balance sheet? 4. Suppose Moody'S' bond rating agency downgradd the tisk rating of the bonds motivating Tanner-UNF to sell the investment on January 2; 2022, for S2000 million. 'Prepare record the sale. Complete this question by entering your blOw: Reql and 2 effective (market) rate. (If no entry is d entry in the first account fi View transtjon Est Journal entry worksheet t! e t?' nd$ On July 1, 2021. Record Note3 Enter July 01, 2021