Required information Problem 15-3A (Algo) 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 Company's long-term available for sale portfolio at the start of this year consists of the following Available for Sale Securities Cost Fair Valur Company A bonds $ 492,000 Company B notes 159,350 151,000 Company bonds 663,800 646, 440 Stoll enters into the following transactions involving its available-for-sale debt securities this year. Danuary 29 sold one-half of the Company 8 notes for $28,270. July 6 Purchased Company x bonds for 5124,000. November 13 Purchased company z notes for $267,480 December 9 Sold all of the Company A bonds for 5519,400 Fair values at December 31 are B. 582.200; C $604.900: X, $115.000 and Z. $277.000. 5 533,900 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 fait 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 Determine the amount Stoll reports on its December 31 balance sheet for its long-term investments in available for sale securities Enir Value Adjustment Computation - Available for Sale Securities December 31 AFS Securities Cost Unrealized Fair Value Amount Company B notes Company C bonds Company X bonds Company Z notes TAA