Available-for-Sale Securities Company A bonds Company B notes Company C bonds Cost $531,399 159,220 662,500 Fair Value $491,00 153,880 641,950 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 $78,400. July 6 Purchased bonds of Company X for $126,500. Nov. 13 Purchased notes of Company z for $267,700. Dec. 9 Sold all of the bonds of Company A for $515,100. The fair values at December 31 are B. $83,300, C, $603,800: X, $101,000, and Z. $290,000 Required: 1. Prepare journal entries to record these transactions, including the December 31 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 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 C bonds Cost $531,389 159,220 662,500 Fair Value $491,eee 153,000 641,950 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 $78,400. July 6 Purchased bonds of Company x for $126,500. Nov. 13 Purchased notes of Company z for $267,700. Dec. 9 Sold all of the bonds of Company A for $515,100. The fair values at December 31 are B. $83,300; C, 5603,800; X, 5101,000, and Z. $290,000. 3. 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