[The following information applies to the questions displayed below.] Mead Incorporated 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 January 20 Purchased Johnson \& Johnson bonds for $20,500. February 9 Purchased Sony notes for $55,440. June 12 Purchased Mattel bonds for $46,580. December 31 Fair values for debt in the portfolio are Johnson & Johnson, \$21, 500; Sony, \$52,500; and Mattel, $46,350. Year 2 April 15 Sold all of the Johnson \& Johnson bonds for $23,500. July 5 Sold all of the Mattel bonds for $35,850. July 22 Purchased Sara Lee notes for $13,500. August 19 Purchased Kodak bonds for $15,300. December 31 Fair values for debt in the portfolio are Kodak, $17,325; Sara Lee, $12,000; and Sony, $60,000. Year 3 February 27 Purchased Microsoft bonds for $160,800. June 21 Sold all of the Sony notes for $57,600. June 30 Purchased Black \& Decker bonds for $50,400. August 3 Sold all of the Sara Lee notes for $9,750. Novenber 1 Sold all of the Kodak bonds for $20,475. December 31 Fair values for debt in the portfolio are Black \& Decker, $54,600, and Microsoft, $158,600. 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.)