Question: Grass Security, which began operations in 2017, 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 2017, invests in long-term available-for-sale securities. Following is a series of transactions and events determining its long-term investment activity. 2017

Jan. 20 Purchased 1,400 shares of Johnson & Johnson at $20.90 per share plus a $280 commission.
Feb. 9 Purchased 1,600 shares of Sony at $46.60 per share plus a $265 commission.
June 12 Purchased 1,900 shares of Mattel at $27.40 per share plus a $235 commission.
Dec. 31 Per share fair values for stocks in the portfolio are Johnson & Johnson, $21.90; Mattel, $31.30; and Sony, $38.40.

2018

Apr. 15 Sold 1,400 shares of Johnson & Johnson at $23.90 per share less a $565 commission.
July 5 Sold 1,900 shares of Mattel at $24.30 per share less a $275 commission.
July 22 Purchased 1,000 shares of Sara Lee at $22.90 per share plus a $520 commission.
Aug. 19 Purchased 1,300 shares of Eastman Kodak at $17.40 per share plus a $238 commission.
Dec. 31 Per share fair values for stocks in the portfolio are: Kodak, $19.65; Sara Lee, $20.40; and Sony, $35.40.

2019

Feb. 27 Purchased 2,800 shares of Microsoft at $67.40 per share plus a $565 commission.
June 21 Sold 1,600 shares of Sony at $48.40 per share less a(n) $920 commission.
June 30 Purchased 1,800 shares of Black & Decker at $36.40 per share plus a $475 commission.
Aug. 3 Sold 1,000 shares of Sara Lee at $16.65 per share less a $475 commission.
Nov. 1 Sold 1,300 shares of Eastman Kodak at $23.15 per share less a(n) $665 commission.
Dec. 31 Per share fair values for stocks in the portfolio are: Black & Decker, $39.40; and Microsoft, $69.40.

Grass Security, which began operations in 2017, invests in long-term available-for-sale securities.

Following is a series of transactions and events determining its long-term investment

Fair Value Adjustment Computation - AFS Long-term portfolio Number of Share Price Unrealized Gain (Loss) at 12/31/17 Fair Value S 21.90 $ 38.40 $ 31.30 December 31, 2017 Cost Johnson & Johnson Sony Mattel Total Number of Shares Share Price Unrealized Gain (Loss) December 31, 2018 Kodak Sara Lee Sony Total at 12/31/18 Fair Value $ 19.65 $ 20.40 $35.40 Cost Number of Shares Unrealized Gain (Loss) Share Price at 12/31/19 Fair Value $ 39.40 S 69.40 December 31, 2019 Cost Black & Decker Microsoft Total Balance Sheet Presentation: Long-Term AFS Securities (Cost) Fair Value Adjustment Long-Term AFS Securities (Fair Value) 2017 2018 2019

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