Required information [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 $28,200. February 9 Purchased Sony notes for $64,890. June 12 Purchased Mattel bands for $50,500. December 31 Fair values for debt in the portfolio are Johnson \& Johnson, \$33,500; Sony, \$53,350; and Mattel, 558,750. Year 2 April 15 sold all of the Johnson \& Johnson bonds for $33,500. July 5 Sold all of the Mattel bonds for $42,850. July 22 Purchased Sara Lee notes for $20,500. August 19 Purchased Kodak bonds for $22,30e. December 31 Fair values for debt in the portfolio are Kodak, $22,825; Sara Lee, $22,000; and \$ony, $66,000. Year 3 February 27 Purchased Microsoft bonds for $159,800. June 21 Sold all of the Sony notes for $65,600. June 30 Purchased Black \& Decker bonds for $60,400. August 3 Sold all of the Sara Lee notes for $18,750. November 1 Sold all of the Kodak bonds for $26,975. December 31 Fair values for debt in the portfolio are Black \& Decker, $6e,60e; and Microsoft, $160,609. 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 avaitable-for-sale debt securities at each year-end. (Losses should be indicated by a minus sign.)