3. Sold the Howell Fine Foods stock for the price of $25 per share. 68-244. (I earning Objective 2: Analyze and report investments in available-for-sale securities) During the most recent year, Michael Co. bought 3,800 shares of Canada common stock at $38, 640 shares of Brazil stock at $47.25, and 1,500 shares of Russian stock at 877 all as available-for-sale investments. Al December 31, Hoover's Online reports Canada stock at $29,125, Brazil at $49.25, and Russian at $69.50, Requirements 1. Determine the cost and the fair value of the long-term investment portfolio at December 31. 2. Record Michael's adjusting entry at December 31. 3. What would Michael Co. report on its statement of comprehensive income and balance sheet at year-end for the information given? Make the necessary disclosures. Ignore income tax