Tanner-UNF Corporatlon acquired as a long-term Investment $225 mllion of 8% bonds, dated July 1, on July 1, 2021. Company management has classified the bonds as an avallable-for-sale Investment. The market Interest rate (yleld) was 10% for bonds of similar risk and maturity. Tanner-UNF pald $180 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 $190 milion. 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 addltional 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 motlvating Tanner-UNF to sell the investment on January 2, 2022, for $170 million. Prepare the journal entries necessary to record the sale, Including updating the fair-value adjustment, recording any reclassification adjustment, and recording the sale