Nelin Corporation has the following portfolio of long-term available-for-sale securities at year-end, December 31, 2011:

Both the Unrealized Loss on Long-Term Investments account and the Allowance to Adjust Long-Term Investments to Market account currently have a balance of $40,000 from the last accounting period. Prepare T accounts with a beginning balance for each of these accounts. Record the effects of the above information on the accounts and determine the ending balances.

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Percentage of Voting Stock Held Company A Corporation B Corporation C Corporation Cost 80,000 375,000 30,000 S485,000 Year-End Market Value $95,000 275,000 12 55,000 Total $425,000