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Tanner-UNF Corporation acquired as an investment $300 million of 6% bonds, dated July 1, on July 1,2024 . Company management is holding the bonds in its trading portfolio. The market interest rate (yield) was 8% for bonds of similar risk and maturity. Tanner-UNF paid $250 milion for the bonds: The company wil receive interest semiannually on June 30 and December 31 . As a result of changing market conditions, the fair value of the bonds at December 31,2024 , was $260 milition Required: 1. \& 2. Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1,2024 and interest on December 31,2024 at the effective (market) rate 3. Prepare any additional journal entry necessary for Tanner-UNF to report its investment in the December 31.2024 , botance sheet 4. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the imvestment on January 2.2025 for $240 milion Prepare the journal entries required on the date of sale Record interest on December 31, 2024. Note: Enter debits before credits: Prepare any journal entry needed to adjust the investment to fair value. Note: Enter debits before credits. Record any adjustment necessary to report the bond investment in the December 31, 2024 balance sheet. Note: Enter debits before credits