1.) Determine the amount Stoll reports on its December 31 balance sheet for its long-term investments in available-for-sale securities.

2.) What amount of gains or losses on transactions relating to long-term investments in available-for-sale debt securities does Stoll report on its income statement for this year?

Required Information [The following information applies to the questions displayed below.] Stoll Company's long-term avallable-for-sale portfolio at the start of this year consists of the following. Stoll enters into the following transactions Involving Its avallable-for-sale debt securitles this year. January 29 sold one-half of the company B notes for $78,640. July 6 Purchased Company X bonds for $126,900. November 13 Purchased Company Z notes for $267,900. December 9 sold all of the Company A bonds for $521,600. Fair values at December 31 are B, $83,900;C,$605,200;X,$107,000; and Z, $275,000. Determine the amount Stoll reports on its December 31 balance sheet for its long-term investments in available-for-sale