Mead Incorporated began operations in Year 1. Following is a serles of transactions and events involving its longterm debt investments in available-for-sale securities. Year 1 January 20 Purchased Johnson \& Johnson bonds for $27,500. February 9 Purchased Sony notes for $61,748. June 12 Purchased Mattel bonds for $47,500. December 31 Fair values for debt in the portfolio are Johnson \& Johnson, \$29,900; Sony, \$52, 550; and Mattel, $57,450. Year 2 April 15 Sold all of the Johnson \& Johnson bonds for $30,5e0. July 5 Sold all of the Mattel bonds for $40,750. July 22 Purchased Sara Lee notes for $17,100. August 19 Purchased Kodak bonds for $20,200. December 31 Fair values for debt in the portfolio are Kodak, \$19,775; Sara Lee, \$19,eee; and Sony, $65,000. Year 3 February 27 Purchased Microsoft bonds for $159,000. June 21 Sold all of the Sony notes for $63,200. June 30 Purchased Black \& Decker bonds for $57,400. August 3 Sold all of the Sara Lee notes for $16,050. November 1 sold all of the Kodak bonds for $25.025. November 1 Sold all of the Kodak bonds for $25,025. December 31 Fair values for debt in the portfolio are Black \& Decker, $58,800; and Microsoft, $160,000. Problem 15-2A (Algo) Part 2 2. Complete the following table that summarizes the (a) total cost, (b) total fair value adjustment, and (c) total fair value of the portfolio of long-term avallable-for-sale debt securities at each year-end. Note: Loss amounts should be indicated with a minus sign