[The following information applies to the questions displayed below. Mead Incorporated began operations in Year 1. Following is a serles of transactions and events involving its long-term debt Investments in avallable-for-sale securitles. Year 1 January 20 Purchaned Johnson 4 Johneon bonde for $20,500. Tebruary 9 purchased sony noten for 355,440 . June 12 Purchaned Mattel bond for $40,500. December 31 Fair valuen for debt in the portfolio are Johnson \& Johnson, 621, 500, 3ony, 552,500 ; and Matenl, 546. 350. Year 2 April 15 Sold al1 of the Johnaon 2 Johneon bond for $23,500, July 5 Bold al1 of the Mattel bond for 235 , a50. Jaly 22 Purchaned Sara Lee notei for $13,500. Augunt 19 Purchaned Rodak bonds for $15,300. December 31 Fair values for debt in the portfolio are Kodak, $17,325; sara Lee, 512,000 ; and 80 , $60,000. Year 3 Pebruary 27 Purchased Miorosoft bondn for $160,800. June 21 Bold all of the sony notes for $57,600. June 30 Purehased Black \& Decker bonds for $50,400. uguet 3 sold all of the Sara Lee noten for $9,750. 4 November 1 sold al1 of the Kodak bonda for $20,475. December 31 Pair values for debt in the portfolio are alack \& Decker, $54,600, and Microsoft, $158,600, 2. Complete the following table that summarizes the (b) total cost. (b) total fair value adjustment, and ( c total fair value of the portfollo of long-term avallable-for-sale debt securities at each year-end. (Loss amounts should be indicated with a minus sign.) 3. Complete the following table that summarizes (a) the reallzed gains and losses and (b) the unrealized gains or losses for the portfollo of long-term avallable-for-sale debt securities at each year-end. (Losses should be Indicated by a minus sign.)