Following are data for the available-for-sale securities held by Lindy Company as of December 31: 
(a)Complete the table above to find the total cost and fair value for the company's available-for-sale securities portfolio.
(b)Calculate and record the required December 31 adjustment.
(c)Explain how the adjustment from part
(b)is reported on Lindy's financial statements.
Definitions:
Marginal Cost
The increase in total production cost that comes from making or producing one additional unit of a good.
Excess Capacity
A scenario where a firm's actual production is less than its maximum potential output, often leading to inefficiencies and higher costs.
Monopolistically Competitive
Describes a market structure where many firms sell products that are similar but not identical, allowing for competition based on factors other than just price, such as brand and quality.
Demand Curves
Graphical representations that show the relationship between the price of a good or service and the quantity demanded by consumers at various price levels.
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