Grass Security, which began operations in 2015, invests in long-term available-for-sale securities. Following is a series of transactions and events determining its long-term investment activity.
IThe following information applies to the questions displayed below.J Grass Security, which began operations in 2015, invests in long-term available-for-sale securities. Following is a series of transactions and events determining its long-term investment activity. 2015 Jan. 20 Purchased 1,000 shares of Johnson & Johnson at $20.50 per share plus a $240 commission. Feb. 9 Purchased 1.200 shares of Sony at $46.20 per share plus a $225 commission. June 12 Purchased 1.500 shares of Mattel at $2700 per share plus a $195 commission. Dec. 31 Per share fair values for stocks in the portfolio are Johnson & Johnson, $21.50. Mattel, $30.90; Sony, $38. 2016 Apr. 15 Sold 1,000 shares of Johnson & Johnson at $23.50 per share less a $525 commission. July 5 Sold 1,500 shares of Mattel at $23.90 per share less a $235 commission. July 22 Purchased 600 shares of Sara Lee at $22.50 per share plus a $480 commission. Aug. 19 Purchased 900 shares of Eastman Kodak at $17 per share plus a $198 commission. Dec. 31 Per share fair values for stocks in the portfolio are: Kodak, $19.25: Sara Lee, $20.00: Sony, $35.00. 2017 Feb. 27 Purchased 2,400 shares of Microsoft at $6700 per share plus a $525 commission. June 21 Sold 1.200 shares of Sony at $48.00 per share less an $880 commission. June 30 Purchased 1.400 shares of Black & Decker at $36.00 per share plus a $435 commission. Aug. Sold 600 shares of Sara Lee at $16.25 per share less a $435 commission. Nov. Sold 900 shares of Eastman Kodak at $22.75 per share less a $625 commission. Dec. 31 Per share fair values for stocks in the portfolio are: Black & Decker,$39.00: Microsoft, $69.00.
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