Tanner-UNF Corporation acquired as a long-term investment $280 million of 6.0% bonds, dated July 1, on July 1, 2016. Company management has the positive intent and ability to hold the bonds until maturity. The market interest rate (yield) was 8% for bonds of similar risk and maturity. Tanner-UNF paid $250.0 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, 2016 was $260.0 million. Required: Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2016 and interest on December 31, 2016, at the effective (market) rate. (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 2 decimal places (i.e., 5, 500,000 should be entered as 5.50).) Record Tanner-UNF's investment in the bonds on July 1, 2016. At what amount will Tanner-UNF report its investment in the December 31, 2016, balance sheet? (Enter your answer in millions rounded to 2 decimal places (i.e., 5, 500,000 should be entered as 5.50).) Investment million Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2017, for $240.0 million. Prepare the journal entry to record the sale. (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 2 decimal places (i.e. 5, 500,000 should be entered as 5.50).) Record the sale of the investment by Tanner-UNF