2. Complete the following table that summarizes the (a) total cost, (b) total fair value adjustment, and \\( (c) \\) total fair value of the portfolio of long-term available-for-sale debt securities ot eoch year-end. Note: Loss amounts should be indicated with a minus sign. 3. Complete the following table that summarizes \\( (a) \\) the realized gains and losses and \\( (b) \\) the unrealized gains or portfolio of long-term available-for-sale debt securities at each year-end. Note: Losses should be indicated by a minus sign. Prepare journal entries to record these transactions and the year-end fair value adjustments to the portfolio of long-term availa sale debt securities. 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 available-for-sale securities. Year 1 January 20 Purchased Johnson 6 Johnson bonds for \\( \\$ 29,500 \\). February 9 purchased Sony notes for \\( \\$ 63,540 \\). June 12 Purchased Mattel bonds for \\( \\$ 49,500 \\). Decenber 31 Fair vatues for debt in the portfolio are Johnson \\& Johnson, \\$32,300; Sony, \\$55,750; and Mattel, \\( \\$ 57,850 \\). Year \\( \\mathbf{2} \\) April 15 Sold all of the Johnson \\& Johnson bonds for \\( \\$ 32,500 \\). July 5 sold all of the Mattel bonds for \\( \\$ 42,150 \\). Juty 22 Purchased Sara Lee notes for \\$18,70e. August 19 Purchased Kodak bonds for \\( \\$ 21,600 \\). oecenber 31 Fair values for debt in the portfolio are Kodak, \\$22,475; Sara Lee, \\$21,000; and Sony, \\$65, 000. Year 3 February 27 Purchased Microsoft bonds for \\( \\$ 158,200 \\). June 21 sold all of the Sony notes for \\( \\$ 64,880 \\). June 30 Purchased Black \\& Decker bonds for \\( \\$ 59,480 \\). August 3 sold atl of the Sara Lee notes for \\( \\$ 17,850 \\). Novenber 1 sold all of the Kodak bonds for \\( \\$ 26,325 \\). December 31 Fair values for debt in the portfolio are Black \\& Decker, \\$60,00e; and Microsoft, \\$16e, 400. Problem 15-2A (Algo) Part 2 2. Complete the following table that summarizes the (a) total cost, \\( (b) \\) total fair value adjustment, and ( \\( c \\) ) total fair value of the portfolio of long-term avallable-for-sale debt securities at each year-end. Note: Loss amounts should be indicated with a minus sign