Grass Security, which began operations in 2015, invests in long term available for sale securities Following is a series of transactions and events determining its long term investment activity 2015 Jan 20 Purchased 2,700 shares of Johnson Johnson at $22 20 per share plus a $410 commission Feb 9 Purchased 2,900 shares of Sony at $47 90 per share plus a $395 commission June 12 Purchased 3,200 shares of Mattel at $28 70 per share plus an $365 commission Dec 31 Per share fair values for stocks in the portfolio are Johnson Johnson, $23 20 Mattel, $32 60 Sony, $39 70 2016 Apr 15 Sold 2,700 shares of Johnson Johnson at $25 20 per share less a $695 commission July 5 Sold 3,200 shares of Mattel at $25 60 per share less a $405 commission July 22 Purchased 2,300 shares of Sara Lee at $24 20 per share plus a $650 commission Aug 19 Purchased 2,600 shares of Eastman Kodak at $18 70 per share plus a $368 commission Dec 31 Per share fair values for stocks in the portfolio are Kodak, $20 95 Sara Lee, $21 70 Sony, $36 70 2017 Feb 27 Purchased 4,100 shares of Microsoft at $68 70 per share plus a $695 commission June 21 Sold 2,900 shares of Sony at $49 70 per share less an $1,050 commission June 30 Purchased 3,100 shares of Black Decker at $37 70 per share plus a $605 commission Aug 3 Sold 2,300 shares of Sara Lee at $17 95 per share less a $605 commission Nov 1 Sold 2,600 shares of Eastman Kodak at $24 45 per share less a $795 commission Dec 31 Per share fair values for stocks in the portfolio are Black Decker, $40 70 Microsoft, $70 70 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 securities at each year end (Do not round your intermediate calculations Loss amounts should be indicated with a minus sign ) Fair Value Adjustment Computation AFS Long term portfolio Dec 31, 2015 Number of Shares Share Price at 12 31 15 Fair Value Cost Unrealized Gain (Loss) Johnsoon Johnson $23 20 Sony $39 70 Mattel $32 60 Total Dec 31, 2016 Number of Shares Share Price at 12 31 16 Fair Value Cost Unrealized Gain (Loss) Kodak $20 95 Sara Lee $21 70 Sony $36 70 Total Dec 31, 2017 Number of Shares Share Price at 12 31 17 Fair Value Cost Unrealized Gain (Loss) Black Decker $40 70 Microsoft $70 70 Total Balance Sheet Presentation 2015 2016 2017 Long Term AFS Securities (Cost) Fair Value Adjustment Long Term AFS Securities (Fair Value)

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Question: Grass Security, which began operations in 2015, invests in long-term available-for-sale securities. Following is a series of transactions and events determining its long-term investment activity.

Grass Security, which began operations in 2015, invests in long-term available-for-sale securities. Following is a series of transactions and events determining its long-term investment activity.

2015
Jan.	20	Purchased 2,700 shares of Johnson & Johnson at $22.20 per share plus a $410 commission.
Feb.	9	Purchased 2,900 shares of Sony at $47.90 per share plus a $395 commission.
June	12	Purchased 3,200 shares of Mattel at $28.70 per share plus an $365 commission.
Dec.	31	Per share fair values for stocks in the portfolio are Johnson & Johnson, $23.20; Mattel, $32.60; Sony, $39.70.

2016
Apr.	15	Sold 2,700 shares of Johnson & Johnson at $25.20 per share less a $695 commission.
July	5	Sold 3,200 shares of Mattel at $25.60 per share less a $405 commission.
July	22	Purchased 2,300 shares of Sara Lee at $24.20 per share plus a $650 commission.
Aug.	19	Purchased 2,600 shares of Eastman Kodak at $18.70 per share plus a $368 commission.
Dec.	31	Per share fair values for stocks in the portfolio are: Kodak, $20.95; Sara Lee, $21.70; Sony, $36.70.

2017
Feb.	27	Purchased 4,100 shares of Microsoft at $68.70 per share plus a $695 commission.
June	21	Sold 2,900 shares of Sony at $49.70 per share less an $1,050 commission.
June	30	Purchased 3,100 shares of Black & Decker at $37.70 per share plus a $605 commission.
Aug.	3	Sold 2,300 shares of Sara Lee at $17.95 per share less a $605 commission.
Nov.	1	Sold 2,600 shares of Eastman Kodak at $24.45 per share less a $795 commission.
Dec.	31	Per share fair values for stocks in the portfolio are: Black & Decker, $40.70; Microsoft, $70.70.

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 securities at each year-end. (Do not round your intermediate calculations. Loss amounts should be indicated with a minus sign.)

Fair Value Adjustment Computation - AFS Long-term portfolio
Dec. 31, 2015	Number of Shares	Share Price at 12/31/15	Fair Value	Cost	Unrealized Gain (Loss)
Johnsoon & Johnson	?	$23.20	?	?
Sony	?	$39.70	?	?
Mattel	?	$32.60	?	?
Total					?

Dec. 31, 2016	Number of Shares	Share Price at 12/31/16	Fair Value	Cost	Unrealized Gain (Loss)
Kodak	?	$20.95		?
Sara Lee	?	$21.70		?
Sony	?	$36.70		?
Total					?

Dec. 31, 2017	Number of Shares	Share Price at 12/31/17	Fair Value	Cost	Unrealized Gain (Loss)
Black & Decker	?	$40.70		?
Microsoft	?	$70.70		?
Total					?

Balance Sheet Presentation	2015	2016	2017
Long-Term AFS Securities (Cost)	?	?	?
Fair Value Adjustment	?	?	?
Long-Term AFS Securities (Fair Value)

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