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Tanner-UNF Corporation acquired as a long-term investment $320 million of 4.0% bonds, dated July 1 , on July 1 , 2021. Company management has the

image text in transcribedimage text in transcribed Tanner-UNF Corporation acquired as a long-term investment $320 million of 4.0% bonds, dated July 1 , on July 1 , 2021. Company management has the positive intent and ability to hold the bonds until maturity. The market interest rate (yield) was 6% for bonds of similar risk and maturity. Tanner-UNF paid $290.0 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 31,2021 , was $300.0 million. At what amount will Tanner-UNF report its investment in the December 31,2021, balance sheet? (Enter your answer in millions rounded to 1 decimal place, (i.e., 5,500,000 should be entered as 5.5).)

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