Year $1$

January $20$ Purchased Johnson & Johnson bonds for $$24,000.$

February $9$ Purchased Sony notes for $$58,590.$

June $12$ Purchased Mattel bonds for $$44,000.$

December $31$ Fair values for debt in the portfolio are Johnson & Johnson, $$25,700$; Sony, $$48,450$; and Mattel, $$56,050.$

Year $2$

April $15$ Sold all of the Johnson & Johnson bonds for $$27,000.$

July $5$ Sold all of the Mattel bonds for $$38,300.$

July $22$ Purchased Sara Lee notes for $$16,300.$

August $19$ Purchased Kodak bonds for $$17,750.$

December $31$ Fair values for debt in the portfolio are Kodak, $$18,550$; Sara Lee, $$15,500$; and Sony, $$63,000.$

Year $3$

February $27$ Purchased Microsoft bonds for $$159,400.$

June $21$ Sold all of the Sony notes for $$60,400.$

June $30$ Purchased Black & Decker bonds for $$53,900.$

August $3$ Sold all of the Sara Lee notes for $$12,900.$

November $1$ Sold all of the Kodak bonds for $$22,750.$

December $31$ Fair values for debt in the portfolio are Black & Decker, $$56,700$; and Microsoft, $$159,300.$n