Tanner-UNF Corporation acquired as a long-term investment $290 million of 6.0% bonds, dated July 1, on July 2,2024. Compary management has the positive Intent and ability to hold the bonds until maturity. The market interest rate (yielef was 75 for bonds of similar risk and maturity. Tanner-UNF paid $260.0 million for the bonds. The company will recelve interest semiannually on June 30 and December 31. As a result of changing market conditions, the falr value of the bonds at December 31, 2024, was 5210.0 milion. 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. At what amount will Tanner-UNF report its investment in the December 31, 2024, baiance sheet? 4. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investinent on January 2, 2025, for $250.0 million. Prepare the journal entry to record the sale.: Complete this question by entering your answers in the tabs below. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on lanuary 2, 2025, for $250.0 million. Prepare the journal entry to is required for a transaction/event, select "No jourmal entry reguired in the first account field. Do not round 2, 2025, for $250.0 million. Prepare the journal entry to record the sale. intermediate calculations. Enter your answers in milions tounded to 1 decimal place (L.e, 5,500,000 should be entered as i5)