Tanner $-$ UNF Corporation acquired as an investment $$230$ million of $8\%$ bonds, dated July $1,$ on July $1,2024.$ Company management is holding the bonds in its trading portfolio. The market interest rate $($yield$)$ was $10\%$ for bonds of similar risk and maturity. Tanner$-$UNF paid $$210$ million for the bonds. The company will receive interest semiannuallly on June $30$ and December $31.$ As a result of changing market conditions, the fair value of the bonds at December $31,2024,$ was $$220$ million. Required: $1$ & $2$: Prepare the journal entry to record Tanner$-$UNF's investment in the bonds on July $1,2024$ and interest on December $31,2024,$ at the effective $($maket$)$ rate. $3)$ Prepare any additional journal entry necessary for Tanner$-$UNF to report its investment in the December $31,2024,$ balance sheet. $4)$ Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner$-$UNF to sell the investment on January $2,2025,$ for $$200$ million. Prepare the journal entries required on the date of sale.