Tanner-UNF Corporation acqulred as an Investment $240 million of 8% bonds, dated July 1, on July 1, 2021. Company management Is holding the bonds in Its trading portfolio. The market Interest rate (yleld) was 10% for bonds of similar risk and maturity. Tanner-UNF pald $200 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, 2021, was $210 mllion 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 $180 million. Prepare the journal entries requlred on the date of sale