Eaton Company Had the Following Long-Term Available-For-Sale Securities in Its

Eaton Company had the following long-term available-for-sale securities in its portfolio at December 31, Year 1. Eaton had several long-term investment transactions during the next year. After analyzing the effects of each transaction, (1) determine the amount Eaton should report on its December 31, Year 1 balance sheet for its long-term investments in available-for-sale securities, (2) determine the amount Eaton should report on its December 31, Year 2 balance sheet for its long-term investments in available-for-sale securities, (3) prepare the necessary adjusting entry to record the fair value adjustment at December 31, Year 2.