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

$[$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 available$-$for$-$sale securities$.$

Year $1$

January $20$ Purchased Johnson & Johnson bonds for $$22,500.$

February $9$ Purchased Sony notes for $$57,240.$

June $12$ Purchased Mattel bonds for $$42,500.$ $$52,650.$

Ye$$r $2$

April $15$ Sold all of the Johnson & Johnson bonds for $$25,500.$

July $5$ Sold all of the Mattel bonds for $$37,250.$

July $22$ Purchased Sara Lee notes for $$13,100.$

August $19$ Purchased Kodak bonds for $$16,700.$

December $31$ Fair values for debt in the portfolio are Kodak, $$18,025$; Sara Lee, $$14,000$; and Sony, $$60,000.$

Year $3$

February $27$ Purchased Microsoft bonds for $$161,000.$

June $21$ Sold all of the Sony notes for $$59,200.$

June $30$ Purchased Black & Decker bonds for $$52,400.$

August $3$ Sold all of the Sara Lee notes for $$11,550.$

November $1$ Sold all of the Kodak bonds for $$21,775.$

December $31$ Fair values for debt in the portfolio are Black & Decker, $$55,800$; and Microsoft, $$159,000.$

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

$2.$ 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 debt securities at each year$-$end.

Note: Loss amounts should be indicated with a minus sign.