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Paris Enterprises, which began operations in 2017, invests in long-term available-for-sale securities. Following is a series of transactions and events involving its long-term investment activity.

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Paris Enterprises, which began operations in 2017, invests in long-term available-for-sale securities. Following is a series of transactions and events involving its long-term investment activity. 2017 Mar. 10 Purchased 1.200 shares of Apple at $25.50 per share plus $800 commission Apr. 7 Purchased 2.500 shares of Ford at $22.50 per share plus $1,033 commission. Sep. 1 Purchased 600 shares of Polaroid at $47.00 per share plus $890 commission. Dec. 31 Per share fair values for stocks in the portfolio are: Apple, $27.50; Ford, $21.00; and Polaroid, 549.00 2018 Apr 26 June 2 June 14 Nov. 27 Dec. 31 Sold 2.500 shares of Ford at $20.50 per share less a $1,207 commission Purchased 1.800 shares of Duracell at $19.25 per share plus a $1,050 commission, Purchased 1.200 shares of Sears at $21 per share plus a $280 commission. Sold 600 shares of Polaroid at $51 per share less an $845 commission. Per share fair values for stocks in the portfolio are: Apple, $29.00; Duracell, $18.00; and sa cell, $18.00; and Sears, $23.00 2019 Jan. 28 Purchased 1,000 shares of Coca-Cola Co. at $40 per share plus a $1,480 comm Aug. 22 Sold 1.200 shares of Apple at $21.50 per share less a $1,850 commission. Sep. 3 Purchased 3,000 shares of Motorola at $28 per share plus a $780 commission Oct. 9 Sold 1,200 shares of Sears at $24.00 per share less a $599 commission Oct. 31 Sold 1.800 shares of Duracell at $15.00 per share less an $898 commission Dec. 31 Per share fair values for stocks in the portfolio are: Coca-Cola, $48.00; and 00; and Motorola, $24.00 " Year-end fair value adjustments Required 1. Prepare journal entries to record these transactions and events and any year-end to the portfolio of long-term available-for-sale securities. 2. Prepare a table that summarizes the (a) total cost, (b) total fair value adjustment, for the portfolio of long-term available-for-sale securities at each year-end. 3. Prepare a table that summarizes (a) the realized gains and losses and (b) the for the portfolio of long-term available-for-sale securities at each year-end. justment, and (c) total fair value (b) the unrealized gains or losses

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