Tanner UNF Corporation acquired as a kng term investment $245 million of 8% bonds, dated July 1, on July 1, 2018 The market interest rate (yield was 10% for bonds of sirnilar risk and maturity Tanner UNF paid $200 million for the bonds The company will receive interest semiannually on June 30 and December 31 Company management has classified the bonds as available-for-sale investments. As a result of changing market conditions, the fair value of the bonds at December 31, 2018, was $205 million. Required 1. &2. Prepare the journal entry to record Tanner UNF's investhent in the bonds on July 1, 2018 and interest on December 31, 2018, at the effective (market) rate 3. Prepare any additional journal entry necessary for Tanner-UNF to report its investment in the December 31, 2018, 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, 2019, for $180 million Prepare the journal entries necessary to record the sale, including updating the fair-value adjustment, recording any reclassification adjustment, and recording the sale Complete this question by entering your answers in the tabs below e1 and 2 Reg Req 4 Prepare the journal entry to record Tanner-UNP's investment in the bonds on July 1, 2018 and interest on December 31, 2018, 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) Vow transaction ist