please do all the requirements and asap i will leave a like if everything is done right thanks!

Tanner-UNF Corporation acquired as a long-term investment $170 million of 6% bonds, dated July 1, on July 1, 2024. Company management has the positive intent and ability to hold the bonds until maturity, but when the bonds were acquired, Tanner-UNF decided to elect the fair value option for accounting for its investment. The market interest rate (yield) was 8% for bonds of similar risk and maturity. Tanner-UNF paid $140 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 31,2024 , was $150 million. Required: 1. How would this investment be classified on Tanner-UNF's balance sheet? 2. to 4. Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2024, interest on December 31, 2024, at the effective (market) rate, and fair value changes as of December 31,2024. 5. At what amount will Tanner-UNF report its investment in the December 31,2024 , balance sheet? 6. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2025, for $120 million. Prepare the journal entries to record the sale. Complete this question by entering your answers in the tabs below. How would this investment be classified on Tanner-UNF's balance sheet? Tanner-UNF Corporation acquired as a long-term investment $170 million of 6% bonds, dated July 1, on July 1, 2024. Company management has the positive intent and obility to hold the bonds untl maturity, but when the bonds were acquired, Tanner-UNF decided to elect the fair value option for accounting for its investment. The market interest rate (yield) was 8% for bonds of simlar risk and maturity. Tanner-UNF paid $140 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 31,2024 , was $150 million. Required: 1. How would this investment be classified on Tanner-UNF's balance sheet? 2. to 4. Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2024, interest on December 31, 2024, at the effective (market) rate, and fair value changes as of December 31, 2024. 5. At what amount will Tanner-UNF report its investment in the December 31,2024 , balance sheet? 6. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2,2025 , for $120 million. Prepare the journal entries to record the sale. Complete this question by entering your answers in the tabs below. Prepare the journal entry to record Tanner-UNF's investment in the ponds on July 1, 2024, interest on December 31, 2024, at the effective (market) rate, and fair value changes as of December 31,2024. Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in milions rounded to 2 decimal places (i.e., 5,50,000 should be entered as 5.50). Journal entry worksheet 3 Record Tanner-UNF's investment in the bonds on July 1,2024. Tanner-UNF Corporation acquired as a long-term investment $170 million of 6% bonds, dated July 1, on July 1, 2024. Company management has the positive intent and ability to hold the bonds until maturity, but when the bonds were acquired, Tanner-UNF decided to elect the fair value option for accounting for its investment. The market interest rate (yield) was 8% for bonds of similar risk and maturity, Tanner-UNF paid $140 million for the bonds. The company will recelve interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31,2024 , was $150 million. Required: 1. How would this investment be classified on Tanner-UNF's balance sheet? 2. to 4, Prepare the joumal entry to record Tanner-UNF's investment in the bonds on July 1, 2024, interest on December 31, 2024, at the effective (market) rate, and fair value changes as of December 31,2024. 5. At what amount will Tanner-UNF report its investment in the December 31, 2024, balance sheet? 6. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2,2025 , for $120 million. Prepare the journal entries to record the sale. Complete this question by entering your answers in the tabs below. At what amount will Tanner-UNF report its investment in the December 31,2024 , balance sheet? Note: Enter your answer in millions, (h.e., 10,000,000 should be entered as 10). Tanner-UNF Corporation acquired as a long-term investment $170 million of 6% bonds, dated July 1, on July 1, 2024, Company management has the positive intent and ability to hold the bonds until maturity, but when the bonds were acquired, Tanner-UNF decided to elect the fair value option for accounting for its investment. The market interest rate (yleld) was 8% for bonds of similar risk and maturity. Tanner-UNF paid $140 million for the bonds. The company will recelve interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31,2024 , was $150 million. Required: 1. How would this investment be classified on Tonner-UNF's balance sheet? 2. to 4. Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2024, interest on December 31, 2024, at the effective (market) rate, and fair value changes as of December 31, 2024. 5. At what amount will Tanner-UNF report its investment in the December 31,2024 , balance sheet? 6. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2025, for $120 million. Prepare the journal entries to record the sale. Complete this question by entering your answers in the tabs below. Prepare the journal entry to record Tanner-UNF's imvestment in the bonds on July 1, 2024, interest on December 31, 2024, at the effective (market) rate, and fair value changes as of December 31,2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places (i.e, 5,50,000 should be entered as 5.50). Show less A Journal entry worksheet Record interest on December 31,2024 , ot the effective (market) rate, Tanner-UNF Corporation acquired as a long-term investment $170 million of 6% bonds, dated July 1, on July 1, 2024. Company management has the positive intent and ability to hold the bonds until maturity, but when the bonds were acquired, Tanner-UNF decided to elect the fair value option for accounting for its investment. The market interest rate (yield) was 8% for bonds of similar risk and maturity, Tanner-UNF poid $140 million for the bonds. The company will recelve interest semiannually on June 30 and Decembet 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2024, was $150 million. Required: 1. How would this investment be classified on Tanner-UNF's bolance sheet? 2. to 4. Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1,2024, interest on December 31, 2024, at the effective (market) rate, and fair value changes as of December 31,2024 5. At what amount will Tanner-UNF report its investment in the December 31,2024 , balance sheet? 6. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to seli the investment on January 2, 2025, for $120 million. Prepare the journal entries 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 January 2, 2025, for $120 million. Prepare the joumal entries to record the sale. Note: if no entry is required for a transactionvevent, select "No fournal entry required" in the first account field. Do not roung intermediate calcuiations. Enter your-answers in milions rounded to 2 decimal places (t.e, 5,500,000 should be entered as 5.50 ). Show less A Tanner-UNF Corporation acquired as a long-term investment $170 miltion of 6% bonds, dated July 1 , on July 1,2024. Company management has the positive intent and ability to hold the bonds until maturity, but when the bonds were acquired, Tanner-UNF decided to elect the fair value option for accounting for its investment. The market interest rate (yleld) was 8% for bonds of similar risk and maturity. Tanner-UNF paid $140 million for the bonds. The company will recelve interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31,2024 , was $150 million. Required: 1. How would this investment be classified on Tanner-UNF's balance sheet? 2. to 4. Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2024, interest on December 31, 2024, at the effective (market) rate, and fair value changes as of December 31, 2024. 5. At what amount will Tanner-UNF report its investment in the December 31,2024 , balance sheet? 6. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2,2025 , for $120 million. Prepare the journal entries to record the sale. Complete this question by entering your answers in the tabs below. Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2024, interest on December 31, 2024, at the effective (market) rate, and fair value changes as of December 31, 2024. Note: if no entry is required for a transaction/event, select "No joumal entry required" in the first account fieid. Do not round intermediate calculations. Enter your answers in milions rounded to 2 decimal places (i.e, 5,50,000 should be entered as 5.50). Journal entry worksheet Record the entry to recognize fair value changes as of December 31,2024. Tanner-UNF Corporation acquired as a long-term investment $170 miltion of 6% bonds, dated July 1, on July 1, 2024. Company management has the positive intent and ability to hold the bonds until maturity, but when the bonds were acquired, Tanner-UNF decided to elect the fair value option for accounting for its investment. The market interest rate (yild) was B\% for bonds of similar risk and maturity. Tanner-UNF paid $140 million for the bonds. The company will recelve interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2024, was $150 milition. Required: 1. How would this investment be classified on Tanner-UNF's balance sheet? 2. to 4. Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2024, interest on December 31, 2024, at the effective (market) rate, and fair value changes as of December 31,2024. 5. At what amount will Tanner-UNF report its investment in the December 31,2024 , balance sheet? 6. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2025, for $120 million. Prepare the journal entries 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 January 2,2025 , for $120 million. Prepare the journal entries to record the sale. Note: If no entry is required for a transactionvevent, select "No journal entry required" in the first account field. Do not round intermediate cafculations. Enter your answers in milions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50 ) Show less A