Purchased 20000 shares of Company W common stock for $395000 plus a brokera

Purchased 20000 shares of Company W common stock for $395000 plus a brokerage fee of $3500. The shares represent a 30% ownership in Company
W.

Purchased 9000 shares of Company X common stock for $253125 plus a brokerage fee of $3500. The shares represent a 10% ownership in Company
X.

Purchased 100000 shares of Company Y common stock for $750000 plus a brokerage fee of $8200. The shares represent a 51% ownership in Company
Y.

Purchased 17000 shares of Company Z common stock for $533800 plus a brokerage fee of $6900. The shares represent a 5% ownership in Company
Z.

Sold 80000 shares of Company A common stock for $1030000 less a brokerage fee of $4100.

Determine the amount Park should report on its December 31 2011 balance sheet for its long-term investments in available-for-sale securities.

2. Prepare any necessary December 31 2011 adjusting entry to record the fair value adjustment for the long-term investments
in available-for-sale securities.

What amount of gains or losses on transactions relating to long-term investments in available-for-sale
securities should Park report on its December 31 2011 income statement?