Tanner$-$UNF Corporation acquired as a long$-$term investment $$220\mathrm{.}0$ million of $4\mathrm{.}0\%$ bonds, dated July $1,$ on July $1,2024.$ Company management has the positive intent and ability to hold the bonds until maturity. Tanner$-$UNF paid $$220\mathrm{.}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 $$190\mathrm{.}0$ million.

$1.$ How will Tanner$-$UNF$$s investment in the bonds on July $1,2024$ affect the financial statements?

Note: Enter your answers in millions $($i$.$e$.,5,000,000$ should be entered as $5).$ Amounts to be deducted should be indicated by a minus sign.

Balance Sheet Income Statement

Assets Liabilities Stockholders' Equity Revenues & Gains Expenses & Losses Net Income

Common Stock Retained Earnings

$2.$ How will Tanner$-$UNF$$s receipt of interest on December $31,2024,$ affect the financial statements?

Note: Enter your answers in millions rounded to $1$ decimal place, $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}5).$ Amounts to be deducted should be indicated by a minus sign.

Balance Sheet Income Statement

Assets Liabilities Stockholders' Equity Revenues & Gains Expenses & Losses Net Income

Common Stock Retained Earnings

$3.$ At what amount will Tanner$-$UNF report its investment in the December $31,2024,$ balance sheet?

Note: Enter your answers in millions, $($i$.$e$.,10,000,000$ should be entered as $10).$

Investment million

$4.$ Suppose Moody$$s bond rating agency downgraded the risk rating of the bonds motivating Tanner$-$UNF to sell the investment on January $2,2025,$ for $$160\mathrm{.}0$ million. How will the sale of the bond investment affect Tanner$-$UNF$$s financial statements?

Note: Enter your answers in millions, $($i$.$e$.,10,000,000$ should be entered as $10).$ Amounts to be deducted should be indicated by a minus sign.