6 The following information applies to the questions displayed below Stoll Co 's long-term available-for-sale portfolio at December 31. 2016, consists of the following. 45, 800 shares of Company A common st 12,890 shares of Company B common stock 26,800 shares of Company C common stock 322,750 312,800 1,332, 580 1,287,875 Stoll enters into the following long-term investment transactions during year 2017 en. 29 Sold 6,008 shares of Company 8 common stock for $160,375 less a brokerage fee of $2,68e Apr. 17 Purchased 28,800 shares of Company W conmon stock for $405,e0 plus a brokerage fee of $2,30. The shares represent a 38% ownership in company uly 6 Purchased 9,800 shares of Company x common stock for $254,125 plus a brokerage fee of $2,300. The shares a 10% ownership in company X represent 51% ownership in company Y represent 5% ownership in company Z Y common stock for $510,000 plus a brokerage fee of $7,1 00. The shares Now 13 Purchased 13,000 shares of Company z conmon stock for $532, 8e0 plus a brokerage fee of $5,100. The shares Dec. 9 Sold 45,888 shares of Company A common stock for $1,022,00o less a brokerage fee of $4,100. The fair values of its investments at December 31, 2017, are: B. $163750: C. $1.221,625, W, $383,500, X. $237250: Y $1,063,500, and Z, 558,600 Required: 1. Determine the amount Stoll should report on its December 31, 2017, balance sheet for its long-term investments in available-for-sale 2 Prepare any necessary ecember 31,2017. adjusting entry to record the fair value adjustment for the long-term investments in available-for-sale securities by entering your answers in the tabs below