[The following information applies to the questions displayed below Grass Securi

Question

[The following information applies to the questions displayed below Grass Security, which began operations In 2015, Invests in long-term avallable-for-sale securities. Following is a series of transactions and events determining its long-term investment activity. 2015 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 an $355 commission. Dec. 31 Per share falr values for stocks in the portfollo are Johnson & Johnson, $23.10; Mattel, $32.50; Sony, $39.60. 2016 Apr. 15 Sold 2,600 shares of Johnson & Johnson at $25.10 per share less a $685 commission. July 5 Sold 3,100 shares of Mattel at $25.50 per share less a $395 commission. July 22 Purchased 2,200 shares of Sara Lee at $24.10 per share plus a $640 commission. Aug. 19 Purchased 2,500 shares of Eastman Kodak at $18.60 per share plus a $358 commission. Dec. 31 Per share fair values for stocks in the portfolio are: Kodak, $20.85: Sara Lee, $21.60; Sony, $36.60. 2017 Feb. 27 Purchased 4,000 shares of Microsoft at $68.60 per share plus a $685 commission. June 21 Sold 2,800 shares of Sony at $49.60 per share less an $1,040 commission. June 30 Purchased 3,000 shares of Black & Decker at $37.60 per share plus a $595 commission. Aug. 3 Sold 2,200 shares of Sara Lee at $17.85 per share less a $595 commission Nov. 1 Sold 2,500 shares of Eastman Kodak at $24.35 per share less a $785 commission. Dec. 31 Per share fair values for stocks in the portfolio are: Black & Decker, $40.60; Microsoft, $70.60. References

Explanation / Answer

Grass Security 2 Fair Value adjustment computation-AFS Long term portfolio December 31, 2015 No. of shares Share price at 12/31/15 Fair Value Cost Unrealized gain(Loss) Johnson & Johnson 2600 23.1 60060 57860 2200 Sony 2800 39.6 110880 134225 -23345 Mattel 3100 32.5 100750 89015 11735 Total 271690 281100 -9410 December 31, 2016 No. of shares Share price at 12/31/16 Fair Value Cost Unrealized gain(Loss) Sony 2800 36.6 102480 134225 -31745 Sara Lee 2200 21.6 47520 53660 -6140 Eastman Kodak 2500 20.85 52125 46858 5267 Total 202125 234743 -32618 December 31, 2017 No. of shares Share price at 12/31/17 Fair Value Cost Unrealized gain(Loss) Microsoft 4000 70.6 282400 275085 7315 Black & Decker 3000 40.6 121800 113395 8405 Total 404200 388480 15720 3 Realized gain(Losses) 2015 2016 2017 Sale of Johnson & Johnson shares 6715 Sale of Mattel sahres -10360 Sale of sara lee shares -14985 Sale of sony shares 3615 Sale of Eastman Kodak shares 13232 Realized gain(Losses) -3645 1862 Unrealized gain(losses) 2015 2016 2017 Balance in the fair value adjustment-AFS account Beginning Year Debit(Credit) 0 -9410 -32618 Required Balance -end of year Debit(Credit) -9410 -32618 15720 Required adjustment Unrealized Gain(Losses) -9410 -23208 48338 We appreciate the rating of our answers Thank You

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