Problem 15-3A Debt investments in available-for-sale securities; unrealized and realized gains and losses LO P3 [The following information applies to the questions displayed below.) 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 $530,700 159, 250 661,000 Fair Value $495,000 151,000 647,710 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 $78,000 July 6 Purchased bonds of Company x for $123,600. Nov. 13 Purchased notes of Company Z for $267.900. Dec 9 Sold all of the bonds of Company A for $518,300 The fair values at December 31 are B. $84,300. C. $604.800: X, $100.000 and Z. $288,000. Problem 15-3A Part 1 and 2 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 Pro Required 1 Required 2 Determine the amount Stoll reports on its December 31 balance sheet for its long-term investments in ava securities. Fair Value Adjustment Computation Available-for-Sale Securities December 31 AFS Securities Cost Fair Value Unrealized Amount Total 0 S 0 Prey OY 7 May