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 $24,500. Feb. 9 Purchased notes of Sony for $59, 040. June 12 Purchased bonds of Mattel for $44,500. Dec. 31 Fair values for debt in the portfolio are Johnson & Johnson, $26,300; Sony, $49,750; and Mattel, $54,550. Year 2 Apr. 15 Sold all of the bonds of Johnson & Johnson for $27,500. July 5 Sold all of the bonds of Mattel for $38,650. July 22 Purchased notes of Sara Lee for $16,700. Aug. 19 Purchased bonds of Kodak for $18, 100. Dec. 31 Fair values for debt in the portfolio are Kodak, $18,725; Sara Lee, $16,000; and Sony, $62,000. Year 3 Feb. 27 Purchased bonds of Microsoft for $161,200. June 21 Sold all of the notes of Sony for $60,800. June 30 Purchased bonds of Black & Decker for $54,400. Aug. 3 Sold all of the notes of Sara Lee for $13,350. Nov. 1 Sold all of the bonds of Kodak for $23,075. Dec. 31 Fair values for debt in the portfolio are Black & Decker, $57,000; and Microsoft, $159,400. 3. Complete the following table that summarizes (a) the realized gains and losses and (b) the unrealized gains or losses for the portfolio of long-term available-for-sale debt securities at each year-end. (Losses should be indicated by a minus sign.) Year 1 Year 2 Year 3 Realized gains (losses) Sale of Johnson & Johnson Sale of Mattel Sale of Sony Sale of Sara Lee Sale of Kodak Total realized gains (losses) Unrealized gains (losses) at year-end