Required information Problem 15-3A (Algo) Debt investments in available-for-sale securities; unrealized and realized gains and losses LOP3 [The following information applies to the questions displayed below] Stoll Company's long-term available-for-sale portfolio at the start of this year consists of the following. Stoll enters into the following transactions involving its available-for-sale debt securities this year: January 29 Sold one half of the Conpany 8 notes for $78,920. July 6 Purchased Company x bonds for $127,100. Novenber 13 Purchased Conpany z notes for $267,900. Deceaber 9 Sold all of the Conpany A bonds for $522, 300 . Fair values at December 31 are B, $83,300:C,$604,600,X,$112,000, and Z, $290,000. Problem 15-3A (Algo) 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. Problem 15-3A (Algo) Debt investments in available-for-sale securities; unrealized and realized gains and losses LOP3 [The following information applies to the questions displayed below] Stoll Compary's long-term avalable-for-sale portfolio at the start of this year consists of the following. Stoll enters into the following transactions involving its available-for-sale debt securities this year: 3anuary 29 Sold one-half of the conpany 8 notes for $78,920. July 6 Purchased Company x bonds for $127,100. Noyenber 13 Purchased Comany z notes for 3267,900. Deceaber 9 Sold all of the Company A bonds for $522,300, Fair values at December 31 are B,$83,300;C,$604,600,X,$112,000, and Z,$290,000 Problem 15-3A (Algo) Part 3 3. What amount of gains or losses on transactions relating to long-term irvestments in available-for-sale debt securities does Stoll report on its income statement for this year