Problem 15-3A (Algo) Debt investments in available-for-sale securities; unrealized and realized gains and losses LO P3

Stoll Company's long-term available-for-sale portfolio at the start of this year consists of the following.

Available-for-Sale SecuritiesCostFair ValueCompany A bonds$ 533,600$ 490,000Company B notes159,230152,000Company C bonds662,000640,190

Stoll enters into the following transactions involving its available-for-sale debt securities this year.

January 29Sold one-half of the Company B notes for $78,640.July 6Purchased Company X bonds for $126,900.November 13Purchased Company Z notes for $267,900.December 9Sold 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.

Problem 15-3A (Algo) Part 3

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?