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Problem $15-2$A $($Algo$)$ Recording, adjusting, and reporting available$-$for$-$sale debt securities LO P$3$

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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 & Johnson bonds for $$22,000.$

February $9$ Purchased Sony notes for $$56,790.$

June $12$ Purchased Mattel bonds for $$42,000.$

December $31$ Fair values for debt in the portfolio are Johnson & Johnson, $$23,300$; Sony, $$47,250$; and Mattel, $$53,650.$

Year $2$

April $15$ Sold all of the Johnson & Johnson bonds for $$25,000.$

July $5$ Sold all of the Mattel bonds for $$36,900.$

July $22$ Purchased Sara Lee notes for $$14,700.$

August $19$ Purchased Kodak bonds for $$16,350.$

December $31$ Fair values for debt in the portfolio are Kodak, $$17,850$; Sara Lee, $$13,500$; and Sony, $$61,000.$

Year $3$

February $27$ Purchased Microsoft bonds for $$159,200.$

June $21$ Sold all of the Sony notes for $$58,800.$

June $30$ Purchased Black & Decker bonds for $$51,900.$

August $3$ Sold all of the Sara Lee notes for $$11,100.$

November $1$ Sold all of the Kodak bonds for $$21,450.$

December $31$ Fair values for debt in the portfolio are Black & Decker, $$55,500$; and Microsoft, $$158,900.$

Problem $15-2$A $($Algo$)$ Part $3$

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.

Note: Losses should be indicated by a minus sign.