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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

2018

2019

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

Jan. 20 Purchased 2,600 shares of Johnson & Johnson at $22.10 per share plus a $400 commission. Feb. 9 Purchased 2,800 shares of Sony at $47.80 per share plus a $385 commission. June 12 Purchased 3,100 shares of Mattel at $28.60 per share plus a $355 commission. Dec. 31 Per share fair values for stocks in the portfolio are Johnson & Johnson, $23.10; Mattel, $32.50; and Sony, $39.60.

Explanation / Answer

2017 particulars Johnson & john son Sony Mattle qty 2600 2800 3100 rate($) 22.1 47.8 28.6 amount 57,460.00 1,33,840.00 88,660.00 Commsion 400.00 385 355 Total Investment 57,860.00 1,34,225.00 89,015.00 Fair value (31 dec) 23.10 32.5 39.6 Fair value(31 dec) (qty*fair rate) 60,060.00 91,000.00 1,22,760.00 Unrealised Profit/Loss 2,200.00 (43,225.00) 33,745.00 2018 particulars Johnson & john son Sony Mattle Sara Lee Eastman kodak qty 2200 2500 rate($) 24.1 18.6 amount 53020 46500 Commsion 640 358 Total Investment Purchased /brought forward 60,060.00 91,000.00 1,22,760.00 53660 46858 Fair value (31 dec)/ actual sale price 25.10 36.6 25.5 21.6 20.85 Commission 685 395 Fair value(31 dec)/actual sale proceed 64,575.00 1,02,480.00 78,655.00 47,520.00 52,125.00 Unrealised Profit Loss / actual profit loss 4,515.00 11,480.00 (44,105.00) (6,140.00) 5,267.00 (sold) unrealised (sold) unrealised unrealised 2019 particulars Microsoft Sony black and dacker Sara Lee Eastman kodak qty 4000 3000 rate($) 68.6 37.6 amount 274400 112800 Commsion 685.00 595 Total Investment Purchased /brought forward 275085 1,02,480.00 113395 47,520.00 52,125.00 Fair value (31 dec)/ actual sale price 70.60 49.6 40.6 17.85 24.35 Commission 1040 595 785 Fair value(31 dec)/actual sale proceed 2,82,400.00 1,37,840.00 1,21,800.00 38,675.00 60,090.00 Unrealised Profit Loss / actual profit loss 7,315.00 35,360.00 8,405.00 (8,845.00) 7,965.00 unrealised sold unrealised sold sold

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