Tanner$-$UNF Corporation acquired as an imvestment $$235$ million of $8\%$ bonds, dated July $1,$ on July $1,2024$ Company management is holding the bonds in its trading portfolio. The market interest rate $($yield$)$ was $10\%$ for bonds of similar risk and maturity. Tanner$-$UNF paid $$200$ milion for the bonds.The company will receive interest semiannually on June $30$ and December, $31.$ As a result of changing market conditions, the fair talue of the bonds at December $31,2024,$ was $$215$ million.

Required:

$82.$ 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$)$ rale.

Prepare any additional journel entry necessery for Tanner$-$UNF to report its investment in the December $31,2024,$ balance sheet.

Suppose Moody$/$s bond rating ogency dewngroded the rak rating of the bonds motivating Tamer$-$UNF to sell the investment

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