Tanner-UNF Corporation acquired as a long-term investment $180.0 millson of 7.0% bonds, dated July 1, on July 1,2024 . Company management has the positive intent and ablity to hold the bonds until maturity. Tanner-UNF paid $180.0 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 $1600 million. Required: 1. How wil Tanner-UNF's investment in the bonds on July 1, 2024 affect the financial statements? 2. How will Tanner-UNF's receipt of interest on December 31, 2024, affect the financial statements? 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 risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2025, for $130.0 million. How will the sale of the bond investment affect Tanner-UNF's financial statements? Answer is not complete. Complete this question by entering your answers in the tabs below. At what amount will Tanner-UNF report its investment in the December 31,2024 , balance sheet? Note: Enter your answers in millions, (1.e., 10,000,000 should be entered as 10). company wit receive interest semiannualy on Juhe 30 and Deceimber 31 As a result ef changing market condaicos, the bir value ef Dhe bends at December 3t2024, was $1600 milion Required: Complete this quentien by emering your answers in the tabs belew