Tanner.UNF Corporation acquired as a long-term investment $240 milion of 7% bonds, dated Juty 1, on July 1, 2024 . Compony management has classified the bonds as an avadable-for-sale investment. The market interest rate (yeld) was 97 for bonds of simillar risk and 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 militon. 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 (market) 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 $190 million. Prepare the joumal entries necessary to record the sale, inclucing updating the fair-value adjustment, recording any reclassification adjustment, and recording the sale