3. Complete the following table that summarizes (a) the realized gains and losses and (b) the unrealized gains or losses portfolio of long-term available-for-sale debt securities at each year-end. (Losses should be indicated by a minus sign 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 \& Johnson bonds for $25,900. February 9 Purchased Sony notes for $59,490. June 12 Purchased Mattel bonds for $45,600. December 31 Fair values for debt in the portfolio are Johnson \& Johnson, $26,900; Sony, $49,050; and Mattel, \$55,950. Year 2 Apri1 15 Sold al1 of the Johnson 8 Johnson bonds for $28,000. July 5 sold all of the Mattel bonds for $39, eee. July 22 Purchased Sara Lee notes for $17,100. August 19 Purchased Kodak bonds for $18,450. December 31 Fair volues for debt in the portfolio are Kodak, \$18,900; Sara Lee, \$16, 500 ; and Sony, \$63,000. Yeor 3 February 27 Purchased Microsoft bonds for $161,000. June 21 Sold all of the Sony notes for $61,200. June 30 . Purchased Black \& Decker bonds for $54,90e. August 3 Sold all of the sara Lee notes for $13,890. November 1 sold all of the Kodak bonds for $23,400. Year 3 February 27 Purchased Microsoft bonds for $161,090. June 21 Sold all of the Sony notes for $61,200. June 30 Purchased Black \& Decker bonds for $54,980. August 3 sold all of the Sara Lee notes for $13,800. November 1 sold oll of the Kadak bonds for $23,400. December 31 Fair values for debt in the portfolio are Black \& Decker, $57,300; and microsoft, $159,560. Problem 15-2A (Algo) Part 3 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 debt securities at each year-end. (Losses should be indicated by a minus sign.) portfolio of long-term avallable-for-sale debt securities at each year-end. (Losses should be indicated by a minus sign.)