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Required information [The following information applies to the questions displayed below Grass Security, which began operations in 2017, invests in long-term available-for-sale securiti transactions and events determining its long-term investment activity Following is a series of 2017 J an. Feb. June 12/Purchased 1.500 shares of Mattel at $27.00 per share plus a $195 commission. Dec. 20 Purchased 1.000 shares of Johnson & Johnson at $20. 50 per share plus a $240 comaission. 9 Purchased 1.200 shares of Sany at $46.20 per share plur a $225 connission. 31 Per ehare fair values for stocks in the portfolio are Johnscn & Johnson. $21. 50: Mattel, $30. 90: and Sory, $38. 00 . 2018 Sold 1, 000 shares of Johnson & Johnson at $23.50 per share less a $525 connission. Apr. July July 22 Pur chased 600 shares of Sara Lee at $22.50 per share plus a $480 conaission. 15 6 Sold 1. 500 shares of Mattel at $23. 90 per share less a $235 commi ssion, Aug. Dec. 19 Purchased 900 shares of Eastaan Kodak at $17. 00 per share plus a $198 comai seion 31 Per share fair values for stocks in the portfolio are: Kodak. $19.25, Sara Lee. $20.00; and Sony, $35,00, 2019 Feb. June June Aug. 27 Purchaced 2,400 shares of icrosoft at $67. 00 per share plus a $525 connission 21 Sold 1, 200 shares of Sory at $48. 00 per share less a(n) $880 commission. 30 Purchas ed 1.400 shares of Black & Decker at $36.00 per share plus a $435 commission. 3 Sold 600 shares of Sara Lee at $16. 25 per share less a $435 connission Sold 900 sh ar es of Eastnan Kodak at $22.75 per share less a (n) $625 conaiasion Nov. 1 Black & Decker. $39. 00: and Microroft. $69.00 31 Per share f air values for stocks in the portfolio are Dec. 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 available-for-sale securities at each year-end. (Do not round your intermediate calculetions. Losses should be indicated by a minus sign.) Realized Gains (Losses) 2017 2018 2019 ULTAL OE Somy at $48. 00 per share less a(n) $880 commission. ulnale pluS & 3525 commi ssion June Aug. Nov. Dec. 30 Purchased 1.400 shares of Black & Decker at $36.00 per share plus a $435 commission. 3 Sold 600 shares of Sara Lee at $16. 25 per share less a $435 comission 1 Sold 900 thares of Eastaan Kodak at $22.75 per share less an) $625 camaission 31 Per share fair values for stocks in the portfolio are: Black & Decker. $39.00: and Microsoft. $69.00 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 available-for-sale securities at each year-end. (Do not round your intermediate caiculations. Losses should be indicated bya minus sign.) Realized Gains (Losses) 2017 2018 2019 Sale of Johnson & Johnson shares Sale of Mattel shares Sale of Sara Lee shares Sale of Sony shares Sale of Eastman Kodak shares Realized Gains (Losses) Unrealized Gains (Losses) 2017 2018 2019 Balance in the Fair Value Adjustment AFS account Beginning of year- Debit (Credit) Required balance - End of year Debit (Credit) Required adjustment Unrealized Gain (Loss)

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