1. Investment in AFS Securities Cisco Systems' 2021 annual report discloses the following information regarding its investments in AFS securities:
   • 2021 net loss on AFS securities, from the 2021 statement of comprehensive income: $110 million
   • Investment in AFS securities balances at December 31, 2021, and 2020, from the balance sheet: $6,200 million and $5,600 million, respectively
   • Proceeds from 2021 sales or maturities of AFS securities: $5,100 million
   • Gains and losses from 2021 sales or maturities of AFS securities, from the 2021 income statement: gross gains $23 million, gross losses $35 million

Required: a. Assume 2021 reclassifications to income for disposal of AFS securities increased 2021 OCI by $40 million. Prepare the summary entry to record the sale of the securities. b. Prepare the adjusting entry to record unrealized gains or losses on AFS securities on hand at year-end. c. Prepare the entry to record new investments in AFS securities in 2021.