B) From the December 31, 2016 annual report of Intel Corporation: Note 5: Cash and Investments Available-for-sale investments as of December 31, 2016 and December 26, 2015, were as follows: December 31, 2016 December 31, 2015 ($ in millions) Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Corporate debt $3,847 $4 $(14) $3,837 $4,169 $3 $(11) $4,161 Financial institution instruments 6,098 5 (11) 6,092 11,140 1 (2) 11,139 Government debt 1,581 - (8) 1,573 748 - (1) 747 Marketable equity securities 2,818 3,363 (1) 6,180 3,254 2,706 - 5,960 Total available-for-sale investments $14,344 $3,372 $(34) $17,682 19,311 $2,710 $(14) $22,007 Intel also indicated the following: During 2016, we sold available-for-sale investments for proceeds of $4.1 billion the gross realized gains of available-for-sale investments were $530 million in 2016. Intels Note 16 (Other Comprehensive Income) indicates unrealized holding gains of $1,170 million during 2016, and a reclassification adjustment of $530 for gains that had previously been included in OCI and recorded in the fair value adjustment but which were now being included in net income after being realized upon sale. 1) Draw a T-account that shows the change between the December 26, 2015 and December 31, 2016, balances for the fair value adjustment associated with Intels AFS investments for 2016. By how much did the fair value adjustment change during 2016? 2) Prepare a journal entry that records any unrealized holding gains and losses that occurred during 2016 (Note 16). Ignore income taxes. 3) Prepare a journal entry that records any classification adjustment for available-for-sale investments sold during 2016 (Note 16). Ignore income taxes.