The following note is taken from Ford Motor Company€™s 2004 annual report:
Note 5. Marketable, loaned and other securities
Investments in available-for-sale securities at December 31, 2004, were as follows (in millions):

1. What amount of gains and losses on available-for-sale securities is reported in the 2004 income statement? How much is realized? How much is unrealized?
2. What is the amount of the net adjustment for unrealized holding gains and losses on available-for-sale securities as of the end of 2004?
3. Using the amounts of realized and unrealized gains and losses, estimate the total economic return on Ford€™s available-for-sale portfolio during 2004 (ignoring interest anddividends).

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Unrealized Book/Fair Value Gains Losses Available for sale securities $1,179 1,100 50 $2.329 US. government and agency Other debt securities. 15 37 $55 $1,172 1,105 84 $2,361 Equity Total $23 Investments in avallable-for-sale securities at December 3. 2003, were as follows (In milions) Amortized Cost Unrealized Gains Losses Book/Fair Value Available for sale securitles US. government and agency Other debt securities $1.402 972 47 $2.421 $ 5 $1,403 985 75 $2,463 21 $58 $16 The proceeds and net gains (losses) from avallable-for-sale securities sales were as follows (in millions) Gains/(Losses) 2004 $(6) 2004 2003 2003 $8.402 $9,376 $23