At December 31, 2017, the available-for-sale debt portfolio for Steffi Graf, Inc. is as follows.

Security		Cost		Fair Value		Unrealized Gain (Loss)
A		$17,500		$15,000		$(2,500	)
B		12,500		14,000		1,500
C		23,000		25,500		2,500
Total		$53,000		$54,500		1,500
Previous fair value adjustment balanceDr.						400
Fair value adjustmentDr.						$1,100

On January 20, 2018, Steffi Graf, Inc. sold security A for $15,100. The sale proceeds are net of brokerage fees.

1-A) Prepare the adjusting entry at December 31, 2017, to report the portfolio at fair value. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

1-B) Show the balance sheet presentation of the investment-related accounts at December 31, 2017.

1-C) Prepare the journal entry for the 2018 sale of security A. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

2- At December 31, 2017, the available-for-sale debt portfolio for Steffi Graf, Inc. is as follows.

Security		Cost		Fair Value		Unrealized Gain (Loss)
A		$17,500		$15,000		$(2,500	)
B		12,500		14,000		1,500
C		23,000		25,500		2,500
Total		$53,000		$54,500		1,500
Previous fair value adjustment balanceDr.						400
Fair value adjustmentDr.						$1,100

2- On January 20, 2018, Steffi Graf, Inc. sold security A for $15,100. The sale proceeds are net of brokerage fees. Steffi Graf Inc. reports net income in 2017 of $120,000 and in 2018 of $140,000. Unrealized holding gains and gains equal $40,000 in 2018

2A- Prepare a statement of comprehensive income for 2017, starting with net income.

2B- Prepare a statement of comprehensive income for 2018, starting with net income.