Year 1 January 20 Purchased Johnson & Johnson bonds for $27,000. February 9 Purchased Sony notes for $61,290. June 12 Purchased Mattel bonds for $47,000. December 31 Fair values for debt in the portfolio are Johnson & Johnson, $31,300; Sony, $50,250; and Mattel, $56,050. Year 2 April 15 Sold all of the Johnson & Johnson bonds for $30,000. July 5 Sold all of the Mattel bonds for $40,400. July 22 Purchased Sara Lee notes for $16,700. August 19 Purchased kodak bonds for $19,850. December 31 Yair values for debt in the portfolio are Kodak, $19,600: Sara Lee, $18,500; and Sony, $64,000. Year 3 February 27 Purchased Microsoft bonds for $159,200. June 21 Sold all of the Sony notes for $62,800. June 30 Purchased Black & Decker bonds for $56,900. August 3 sold all of the Sara Lee notes for $15,600. November 1 sold all of the Kodak bonds for $24,700. December 31 Tair values for debt in the portfolio are Black Decker, $58,500; and Microsoft, $159,900. 2. Complete the following table that summarizes the (s) total cost, (b) total fair value adjustment, and a total fair value of the portfolio of long-term available-for-sale debt securities at each year-end. (Loss amounts should be indicated with a minus sign.) Debt Investments Long-Term AFS Securities (cost) Fair value adjustment-AFS Answer is complete but not entirely correct. 12/31/Year 12/31/Year 2 12/31/Year 3 135,290$ 154,150 $ 216,100 15,300 2,300 2,310