Tanner-UNF Corporation acquired as an investment $240 million of 6% bonds, dated July 1, on July 1, 2021. Company management is holding the bonds in its trading portfolio. The market interest rate (yield) was 8% for bonds of similar risk and maturity. Tanner-UNF pald $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, 2021, was $210 million Required: 1. & 2. Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2021 and interest on December 31, 2021, at the effective market) rate. 3. Prepare any additional Journal entry necessary for Tanner-UNF to report its investment in the December 31, 2021, 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, 2022, for $190 million. Prepare the journal entries required on the date of sale Brences Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Reg Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2. 2022, for $100 million. Prepare the journal entries required on the date of sale. (If no entry is required for a transaction/event, select "No journal entry required in the first account held. Enter your answers in milions rounded to I decimal place, C., 5,500,000 should be entered as 5.5)) Show 2 Journal entry worksheet 0.12 points Prepare any journal entry needed to adjust the investment to fair value. eBook Print Note: Enter debits before credits References Date General Journal Debit Credit Check my work Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2022, for $190 million. Prepare the journal entries required on the date of sale. (If no entry is required for a transaction/event, select "No journal entry required in the first account feld, Enter your answers in millions rounded to 1 decimal place, (l.e., 5,500,000 should be entered as 5.5).) Show less View transaction list