Investment in AFS Securities The Coca-Cola Companys 2016 annual report discloses the following information regarding its investments in AFS securities:

2016 net loss on AFS securities, from the 2016 statement of comprehensive income: $382 million

Investment in AFS securities balances at December 31, 2016 and 2015 from the balance sheet: $6,413 million and $8,606 million, respectively

Proceeds from 2016 sales or maturities of AFS securities: $11,540 million

Gains and losses from 2016 sales or maturities of AFS securities, from the 2016 income statement: gross gains $152 million, gross losses $51 million

No AFS securities investments were impaired in 2016RequiredBased on the above information, reconstruct Coca-Colas 2016 journal entries, as follows:

a. Assume 2016 reclassifications to income for disposal of AFS securities reduced other comprehensive income by $100 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 2016.