For the following investments identify whether they are: (1) Trading Securities, (2) Available-for-sale Securities, or (3) Held-to-Maturity Securities.

1. Purchase bonds maturing in 20 years.The company intends to use the cash flow generated by the interest payments on the bond to provide employee bonuses.
2. A bond was purchased with the intent to sell as quickly as possible.
3. An investment grade bond that matures in 8 years was purchased.The company will probably hold the bond until it matures and use the proceeds to retire maturing debt.
4. Five-year bonds of a troubled company were purchased this year for substantially below par value.The bonds mature in 2 months.