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 1,200 shares of Johnson & Johnson at $20.70 per share plus a $260 commission. Feb. 9 Purchased 1,400 shares of Sony at $46.40 per share plus a $245 commission. June 12 Purchased 1,700 shares of Mattel at $27.20 per share plus a $215 commission. Dec. 31 Per share fair values for stocks in the portfolio are Johnson & Johnson, $21.70; Mattel, $31.10; and Sony, $38.20. 2018 Apr. 15 Sold 1,200 shares of Johnson & Johnson at $23.70 per share less a $545 commission. July 5 Sold 1,700 shares of Mattel at $24.10 per share less a $255 commission. July 22 Purchased 800 shares of Sara Lee at $22.70 per share plus a $500 commission. Aug. 19 Purchased 1,100 shares of Eastman Kodak at $17.20 per share plus a $218 commission. Dec. 31 Per share fair values for stocks in the portfolio are: Kodak, $19.45; Sara Lee, $20.20; and Sony, $35.20. 2019 Feb. 27 Purchased 2,600 shares of Microsoft at $67.20 per share plus a $545 commission. June 21 Sold 1,400 shares of Sony at $48.20 per share less a(n) $900 commission. June 30 Purchased 1,600 shares of Black & Decker at $36.20 per share plus a $455 commission. Aug 3 Sold 800 shares of Sara Lee at $16.45 per share less a $455 commission. 1 Sold 1,100 shares of Eastman Kodak at $22.95 per share less a(n) $645 commission. Dec. 31 Per share fair values for stocks in the portfolio are: Black & Decker, $39.20; and Microsoft, $69.20. Nov. Fair Value Adjustment Computation - AFS Long-term portfolio Number of Shares Share Price at 12/31/17 December 31, 2017 Cost Fair Value Unrealized Gain (Loss) Johnson & Johnson $ 21.70 Sony $ 38.20 Mattel 31.10 Total $ 0 $ December 31, 2018 Number of Shares Share Price at 12/31/18 Fair Value Cost Unrealized Gain (Loss) Kodak $ 19.45 Sara Lee $ 20.20 Sony $ 35.20 Total $ 0 $ December 31, 2019 Number of Shares Share Price at 12/31/19 Fair Value Cost Unrealized Gain (Loss) Black & Decker $ 39.20 Microsoft $ 69.20 Total $ 0 $ 0 Balance Sheet Presentation: 2017 2018 2019 Long-Term AFS Securities (Cost) Fair Value Adjustment Long-Term AFS Securities (Fair Value) $ 0 $ 0 $ 0