Grass Security, which began operations in 2013, invests in long-term available-for-sale securities. Following is a series of transactions and events determining its long-term investment activity.

2013
Jan.	20		Purchased 2,900 shares of Johnson & Johnson at $22.40 per share plus a $430 commission.
Feb.	9		Purchased 3,100 shares of Sony at $48.10 per share plus a $415 commission.
June	12		Purchased 3,400 shares of Mattel at $28.90 per share plus an $385 commission.
Dec.	31		Per share fair values for stocks in the portfolio are Johnson & Johnson, $23.40; Mattel, $32.80; Sony, $39.90.

2014
Apr.	15		Sold 2,900 shares of Johnson & Johnson at $25.40 per share less a $715 commission.
July	5		Sold 3,400 shares of Mattel at $25.80 per share less a $425 commission.
July	22		Purchased 2,500 shares of Sara Lee at $24.40 per share plus a $670 commission.
Aug.	19		Purchased 2,800 shares of Eastman Kodak at $18.90 per share plus a $388 commission.
Dec.	31		Per share fair values for stocks in the portfolio are: Kodak, $21.15; Sara Lee, $21.90; Sony, $36.90.

2015
Feb.	27		Purchased 4,300 shares of Microsoft at $68.90 per share plus a $715 commission.
June	21		Sold 3,100 shares of Sony at $49.90 per share less a $1,070 commission.
June	30		Purchased 3,300 shares of Black & Decker at $37.90 per share plus a $625 commission.
Aug.	3		Sold 2,500 shares of Sara Lee at $18.15 per share less a $625 commission.
Nov.	1		Sold 2,800 shares of Eastman Kodak at $24.65 per share less a $815 commission.
Dec.	31		Per share fair values for stocks in the portfolio are: Black & Decker, $40.90; Microsoft, $70.90.

1.

Prepare journal entries to record these transactions and events and any year-end fair value adjustments to the portfolio of long-term available-for-sale securities. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field. Do not round your intermediate calculations.)

2.

Prepare a 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 securities at each year-end. (Do not round your intermediate calculations.)

3.	Prepare a 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 calculations. Losses should be indicated by a minus sign. )