Tanner-UNF Corporation acquired as a long-term investment $200 million of 6% 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 $200 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 $210 million. Required: 1. \& 2. Prepare the joumal entry to record Tanner-UNF's investment in the bonds on July 1, 2024 and interest on December 31,2024, at the effective (matket) rate. 3a. Prepare the joumal entry, if needed, to record the fair value adjustment at December 31 . 3b. 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 $190 million. Prepare the journal entry to record the sale. Complete this question by entering your answers in the tabs below. 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) rate. Note: 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 the nearest million (e.g., 5,200,000 should be entered as 5 )