Prepare any journal entry needed to adjust the investment to fair value. Note: Enter debits before credits. Tanner-UNF Corporation acquired as a long-term investment $190 million of 80% bonds, dated July 1, on July 1, 2024 . Company management has the positive intent and ability to hold the bonds until maturity. The market interest rate (vield) was 10% for bonds of similar risk and maturity. Tanner-UNF paid $160.0 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 31,2024 , was $170.0 million. 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, (1, at the effective (market) rate 3. At what amount will Tanner-UNF report its investment in the December 31,2024 , balance sheet? 4. Suppose Moody's bond rating agency downgraded the nsk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2025, for $140.0 million. Prepare the journal entry to record the sale. Complete this question by entering your answers in the tabs below. Journal entry worksheet Note: Enter debits before credits