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 $28,200. February 9 Purchased Sony notes for $64,890. June 12 Purchased Mattel bonds for $50,500. December 31 Fair values for debt in the portfolio are Johnson \& Johnson, \$33,50e; Sony, \$53,350; and Mattel, $58,750. Year 2 April 15 Sold all of the Johnson \& Johnson bonds for $33,506, July 5 sold atl of the Mattel bonds for $42,850. July 22 Purchased Sara Lee notes for $20,500. August 19 Purchased Kodak bonds for $22,300. Decenber 31 Fair values for debt in the portfolio are Kodak, \$22,825; Sara Lee, \$22, 0ee; and Sony, \$66, 000. Year 3 February 27 Porchased Microsoft bonds for $159,800. June 21 Sold all of the Sony notes for $65,600. June 30 Purchased Black \& Decker bonds for $60,400. August 3 Sold all of the Sara Lee notes for $18,750. November 1 Sold all of the Kodak bonds for $26,975. December 31 Fair values for debt in the portfolio are Black \& Decker, $60,609; and Microsoft, $160,600. 2. Complete the following table that summarizes the (a) total cost, (b) total fair value adjustment, and (d total fair value of the portfolio of long-term avallable-for-sale debt securities at each year-end. (Loss amounts should be indicated with a minus sign.)