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Required information Problem 15-2A (Algo) Recording, adjusting, and reporting available-for-sale debt securities LO P3 [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 avallable-for-sale securities. Year 1 January 20 purchased Johnson 8 Johnson bonds for $26,560. February 9 Purchased sony notes for $6e,840. June 12 Purchased Mattel bonds for $46,500. December 31 Fair values for debt in the portfolio are Johnson \& Johnson, \$30,7e0; Sony, \$49,950; and Matte1, $55,250. Year 2 April 15 sold all of the Johnson $ Johnson bonds for $29,500. July 5 Sold all of the Mattel bonds for $40,050. July 22 Purchased Sara lee notes for $16,30e. August 19 Purchased Kodak bonds for 519,500 . Decenber 31 Fair values for debt in the portfollo are Kodak, \$19,425; 5ara Lee, \$18,e0e; and Sony, \$63,0ee. Year 3 February 27 Purchased Nicrosoft bonds for $159,400. June 21 Sold all of the Sony notes for $62,480. June 30 Purchased Black \& Decker bonds for $56,400. August 3 Sold all of the Sara lee notes for $15,15e. November 1 sold all of the Kodak bonds for $24,375. December 31 Fair values for debt in the portfolio are Black \& Decker, $8,269; and Microsoft, $159,860. 3. Complete the following table that summarizes (a) the realized gains and losses and (b) the unrealized gains or losses for the portfolio of long-term avallable-for-sale debt securities at each year-end Note: Losses should be indicated by a minus sign

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