Required Information Problem 15-2A (Algo) Recording. adjusting, and reporting avallable-for-sale debt securitles LO P3 [The following informotion opplies to the questions clisployed below.] Mead Incorporated begen operations in Yeor 1. Following is a series of transactions and events involving its long-term debt investments in svilable-for-sole securities. Year 1 Janusry 28 Purchased Johnson 8 Johnson bonds for $25, eeg. February 9 Purchased Sony notes for $59,498. June 12 Purchased Mattel bonds for $45, eee. Decerber 31 Fair values for debt in the portfolio are Johnson 8 Johnson, \$26,9ea; Sony, \$49, e5e; and Mattel, \$55,95e. Year 2 April 15 sold all of the Johnson 8 Johnson bonds for $28, eee. July 5 sold all of the Mattel bonds for $39,0,ee. July 22 Purchased Sara Lee notes for $17,100. August 19 Purchased Kadak bonds for $18,450. Decerber 31 Fair values for debt in the portfolio are Kodak, \$18,900; Sara Lee, \$16, 508; and Sony, \$63, eeed. Year 3 Februsry 27 Purchased Microsoft bonds for $161, eee. June 21 sold all of the Sony notes for $61,2ea. June 30 Purchased Black 8 Decker bonds for $54,900. August 3 sold all of the Sara Lee notes for $13,8 ed. November 1 Sold all of the Kodak bonds for $23,49. Decerber 31 Fair values for debt in the portfolio are Black 8 Decker, \$57,390; and Microsoft, \$159,5e. Problem 15-2A (Algo) Part 3 3. Complete the following toble that summorizes (o) the realized gains and losses and (b) the unreslized gains or losses for the portfolio of long-term ovailable-for-sale debt securities at each yeor-end. Note: Losses should be Indicated by a minus sign. Required Information Problem 15-2A (Algo) Recording. adjusting. and reporting avallable-for-sale debt securitles LO P3 [The following informotion opplies to the questions clisployed below.] Mead Incorporated begen operations in Year 1. Following is a series of trensoctions and events involving its long-term debt investments in ovailable-for-sole securities. Year 1 January 28 Purchased Johnson & Johnson bonds for $25, eeb. February 9 Purchased Sony notes for $59,498. June 12 Purchased Mattel bonds for $45, eee. Year 2 April 15 sold all of the Johnson 8 Johnson bonds for $28, eea. July 5 sold all of the Mattel bonds for $39,9e0. July 22 Purchased Sara Lee notes for \$17,109. August 19 Purchased Kodak bonds for $18,45. Decerber 31 Fair values for debt in the portfolio are Kodak, \$18,50e; Sara Lee, \$16,5e8; and Sony, \$63, 900. Year 3 February 27 Purchased Microsoft bonds for \$161, eeg. June 21 sold all of the Sony notes for $61,280. June 38 Purchased Black \& Decker bonds for $54,909. August 3 sold all of the Sara Lee notes for $13,8 gea. November 1 sold all of the Kodak bonds for $23,490. Decerber 31 Fair values for debt in the portfolio are Black s Decker, \$57,390; and Microsoft, \$159, 598. Problem 15-2A (Algo) Part 2 2 Complete the following table that summarizes the (a) total cost, (b) total fair volue adjustment, and (c) totsl fair volue of the portfolio of long-term ovsilable-for-sale debt securities at each yeor-end. Note: Loss amounts should be Indicated with a minus sign. Required Information Problem 15-2A (Algo) Recording. adjusting, and reporting avallable-for-sale debt securitles LO P3 [The following informotion opplies to the questions clisployed below.] Mead Incorporated begen operations in Yeor 1. Following is a series of transactions and events involving its long-term debt investments in svilable-for-sole securities. Year 1 Janusry 28 Purchased Johnson 8 Johnson bonds for $25, eeg. February 9 Purchased Sony notes for $59,498. June 12 Purchased Mattel bonds for $45, eee. Decerber 31 Fair values for debt in the portfolio are Johnson 8 Johnson, \$26,9ea; Sony, \$49, e5e; and Mattel, \$55,95e. Year 2 April 15 sold all of the Johnson 8 Johnson bonds for $28, eee. July 5 sold all of the Mattel bonds for $39,0,ee. July 22 Purchased Sara Lee notes for $17,100. August 19 Purchased Kadak bonds for $18,450. Decerber 31 Fair values for debt in the portfolio are Kodak, \$18,900; Sara Lee, \$16, 508; and Sony, \$63, eeed. Year 3 Februsry 27 Purchased Microsoft bonds for $161, eee. June 21 sold all of the Sony notes for $61,2ea. June 30 Purchased Black 8 Decker bonds for $54,900. August 3 sold all of the Sara Lee notes for $13,8 ed. November 1 Sold all of the Kodak bonds for $23,49. Decerber 31 Fair values for debt in the portfolio are Black 8 Decker, \$57,390; and Microsoft, \$159,5e. Problem 15-2A (Algo) Part 3 3. Complete the following toble that summorizes (o) the realized gains and losses and (b) the unreslized gains or losses for the portfolio of long-term ovailable-for-sale debt securities at each yeor-end. Note: Losses should be Indicated by a minus sign. Required Information Problem 15-2A (Algo) Recording. adjusting. and reporting avallable-for-sale debt securitles LO P3 [The following informotion opplies to the questions clisployed below.] Mead Incorporated begen operations in Year 1. Following is a series of trensoctions and events involving its long-term debt investments in ovailable-for-sole securities. Year 1 January 28 Purchased Johnson & Johnson bonds for $25, eeb. February 9 Purchased Sony notes for $59,498. June 12 Purchased Mattel bonds for $45, eee. Year 2 April 15 sold all of the Johnson 8 Johnson bonds for $28, eea. July 5 sold all of the Mattel bonds for $39,9e0. July 22 Purchased Sara Lee notes for \$17,109. August 19 Purchased Kodak bonds for $18,45. Decerber 31 Fair values for debt in the portfolio are Kodak, \$18,50e; Sara Lee, \$16,5e8; and Sony, \$63, 900. Year 3 February 27 Purchased Microsoft bonds for \$161, eeg. June 21 sold all of the Sony notes for $61,280. June 38 Purchased Black \& Decker bonds for $54,909. August 3 sold all of the Sara Lee notes for $13,8 gea. November 1 sold all of the Kodak bonds for $23,490. Decerber 31 Fair values for debt in the portfolio are Black s Decker, \$57,390; and Microsoft, \$159, 598. Problem 15-2A (Algo) Part 2 2 Complete the following table that summarizes the (a) total cost, (b) total fair volue adjustment, and (c) totsl fair volue of the portfolio of long-term ovsilable-for-sale debt securities at each yeor-end. Note: Loss amounts should be Indicated with a minus sign