ch12 OO eto The investments of Harlon Enterprises included the following cost and fair value amounts (S in millions) Fair Value, Dec. 31 A Company shares B Company bonds C Company shares D Industries shares Sale Securities Cost2012 2013 $ 20 $14 na 35 35 37 14 50 15 na 45 46 Totals $115 $95 $101 Harlon Enterprises sold its holdings of A Company shares on 12, 2013, it purchased the C Company shares. June 1, 2013, for $15 million. On September Required: 1. Prepare journal entries for the sale of the A Company shares and the purchase of the C Company shares. (Enter your answers in millions.) General Journal Debit June 1, 2013 Cash 15 Loss on sale of investments Investment in A Corporation shares [Investment in C Corporation shares 20 Sep. 12, 2013 15 Cash 15 2-a. At what amount should Harion's available-for-sale securities portfolio be reported in its 2013 statement of financial position? (Enter your answer in millions.) securities portfolio 101 millin 2-b. what usting entry is needed to accomplish this? (Enter your answers in millions) General Journal Debit Cred Fair value adjustment Net unrealized holding gains and lossos-OCI unronized hoiding gains and lossos OCI egA8