Fair values at December 31 are B, $81,000; C, $665,000; X, $118,000; and Z, $278,000. Required page 553 1. Prepare journal entries to record these 2. 3. transactions, including the December 31 adjusting entry to record the fair value adjustment for the long-term invest- ments in available-for-sale securities. Determine the amount Stoll reports on its December 31 balance sheet for its long-term investments in available-for- sale securities. 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?