Required information (The following information applies to the questions displayed below.] Mead Inc. 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 Jan. 20 Purchased Johnson & Johnson bonds for $21,500. Feb. 9 Purchased notes of Sony for $56, 340. June 12 Purchased bonds of Mattel for $41,500. Dec. 31 Fair values for debt in the portfolio are Johnson & Johnson, $22,700; Sony, $ 46,950; and Mattel, $53,350. Year 2 Apr. 15 Sold all of the bonds of Johnson & Johnson for $24,500. July 5 Sold all of the bonds of Mattel for $36,550. July 22 Purchased notes of Sara Lee for $14,300. Aug. 19 Purchased bonds of Kodak for $16,000. Dec. 31 Fair values for debt in the portfolio are Kodak, $ 17,675; Sara Lee, $13,000; and Sony, $61,000. Year 3 Feb. 27 Purchased bonds of Microsoft for $159,400. June 21 Sold all of the notes of Sony for $58,400. June 30 Purchased bonds of Black & Decker for $51,400. Aug 3 Sold all of the notes of Sara Lee for $10,650. Nov. 1 Sold all of the bonds of Kodak for $21, 125. Dec. 31 Fair values for debt in the portfolio are Black & Decker, $55, 200; and Microsoft, $158,800. 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 available-for-sale debt securities at each year-end. (Loss amounts should be indicated with a minus sign.) 12/31/Yr. 1 12/31/Yr. 2 12/31/Yr. 3 Debt Investments Long-Term AFS Securities (cost) Fair value adjustmentAFS Long-Term AFS Securities (Fair value)