0 Required information Determine the amount Stoll reports on its December 31 balance sheet for its long-term investments in available for sale securities. Fair Value Adjustment Computation Available-for-Sale Securities December 31 AFS Securities Cost Fair Value Unrealized Amount Gain or Loss 2 79 605 Company B notes Company C bonds Company Xbonds Company Z notes 663 600 127,100 267.900 83,300 604,600 112,000 290,000 Total S 1.138,205 $ 1,089,900 $ 48,305 LOSS $ 0 Credit Required 2 December 31 Balance in the Fair Value Adjustment account Balance at beginning of year in the Fair Value Adjustment account December 31 required adjustment to the Fair Value Adjustment account Credit 0 % 08 $ Debit The following information applies to the questions displayed below) Stoll Co.'s long-term available for sale portfolio at the start of this year consists of the following Company A honda Company notes Company C bonds Cost Taival $530,300 $490.000 159,210 154,000 663.600 660, 160 Stoll enters into the following transactions involving its available for sale debt securities this year. Jan. 20 Bold haitot the company notes for 57.920 July 6 chased bands of Company for $127,100 no. 13 Purchased notes of company for $267.900. Doc fold all of the bonds of Company A for 5532,300. The fair values at December 31 are B. $82.300: C 5604,600, X. $112.000; and 7 5290.000 Problem 15-3A Part 1 and 2 Required: 1. Prepare journal entries to record these transactions, including the December 21 adjusting entry to record the fair value adjustment for the long-term investments in available for sale securities 2. Determine the amount Stoll reports on its December 31 balance sheet for its long term investments in available for sale securities. {The following information applies to the questions displayed below.) Stoll Co's long-term available for sale portfolio at the start of this year consists of the following. Available-for-sale Securities Company A bonds Company B notes Company bonds Cost Fair Value $530, 300 $494,000 159, 210 154,000 663, 600*648, 160 Stoll enters into the following transactions involving its available for sale debt securities this year. Jan. 29 Sold one-half of the Company B notes for $78,920. July 6 Purchased bonds of Company for $127,100. Nov. 13 Purchased notes of Company 2 for $267.900. Doc 9 Sold all of the bonds of Company A for $522,300 The fair values at December 31 are B, $83,300; C. $604,600; X. $112,000; and Z. $290,000