Mead Incorporated began operations in Year 1. Following is a series of transactions and events involving its long-term debt investments in available-for-sale securities.

Year 1

January 20	Purchased Johnson & Johnson bonds for $26,500.
February 9	Purchased Sony notes for $60,840.
June 12	Purchased Mattel bonds for $46,500.
December 31	Fair values for debt in the portfolio are Johnson & Johnson, $30,700; Sony, $49,950 and Mattel, $55,250.

Year 2

April 15	Sold all of the Johnson & Johnson bonds for $29,500.
July 5	Sold all of the Mattel bonds for $40,050.
July 22	Purchased Sara Lee notes for $16,300.
August 19	Purchased Kodak bonds for $19,500.
December 31	Fair values for debt in the portfolio are Kodak, $19,425 Sara Lee, $18,000 and Sony, $63,000.

Year 3

February 27	Purchased Microsoft bonds for $159,400.
June 21	Sold all of the Sony notes for $62,400.
June 30	Purchased Black & Decker bonds for $56,400.
August 3	Sold all of the Sara Lee notes for $15,150.
November 1	Sold all of the Kodak bonds for $24,375.
December 31	Fair values for debt in the portfolio are Black & Decker, $58,200 and Microsoft, $159,800.

Problem 15-2A (Algo) Part 3

3. Complete the following table that summarizes (a) the realized gains and losses and (b) the unrealized gains or losses for the portfolio of long-term available-for-sale debt securities at each year-end.

vertical axis of table from top to bottom should be: sale of johnson & johnson, sale of mattel, sale of sony, sale of sara lee, sale of kodak, total realized gains (losses), unrealized gains (losses) at year- end. Horizontal axis from left to right should be: year 1, year 2, year 3

Note: Losses should be indicated by a minus sign.