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Required information [The following information applies to the questions displayed below.] Grass Security, which began operations in 2017, invests in long-term available-for-sale securities. Following is

Required information

[The following information applies to the questions displayed below.] Grass Security, which began operations in 2017, invests in long-term available-for-sale securities. Following is a series of transactions and events determining its long-term investment activity. 2017

Jan. 20 Purchased 2,800 shares of Johnson & Johnson at $22.30 per share plus a $420 commission.
Feb. 9 Purchased 3,000 shares of Sony at $48.00 per share plus a $405 commission.
June 12 Purchased 3,300 shares of Mattel at $28.80 per share plus a $375 commission.
Dec. 31 Per share fair values for stocks in the portfolio are Johnson & Johnson, $23.30; Mattel, $32.70; and Sony, $39.80.

2018

Apr. 15 Sold 2,800 shares of Johnson & Johnson at $25.30 per share less a $705 commission.
July 5 Sold 3,300 shares of Mattel at $25.70 per share less a $415 commission.
July 22 Purchased 2,400 shares of Sara Lee at $24.30 per share plus a $660 commission.
Aug. 19 Purchased 2,700 shares of Eastman Kodak at $18.80 per share plus a $378 commission.
Dec. 31 Per share fair values for stocks in the portfolio are: Kodak, $21.05; Sara Lee, $21.80; and Sony, $36.80.

2019

Feb. 27 Purchased 4,200 shares of Microsoft at $68.80 per share plus a $705 commission.
June 21 Sold 3,000 shares of Sony at $49.80 per share less a(n) $1,060 commission.
June 30 Purchased 3,200 shares of Black & Decker at $37.80 per share plus a $615 commission.
Aug. 3 Sold 2,400 shares of Sara Lee at $18.05 per share less a $615 commission.
Nov. 1 Sold 2,700 shares of Eastman Kodak at $24.55 per share less a(n) $805 commission.
Dec. 31 Per share fair values for stocks in the portfolio are: Black & Decker, $40.80; and Microsoft, $70.80.

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 securities at each year-end. (Do not round your intermediate calculations. Losses should be indicated by a minus sign. )

Realized Gains (Losses)
2017 2018 2019
Sale of Johnson & Johnson shares
Sale of Mattel shares
Sale of Sara Lee shares
Sale of Sony shares
Sale of Eastman Kodak shares
Realized Gains (Losses) $0 $0 $0
Unrealized Gains (Losses)
2017 2018 2019
Balance in the Fair Value Adjustment AFS account
Beginning of year - Debit (Credit)
Required balance - End of year Debit (Credit)
Required adjustment Unrealized Gain (Loss)

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