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 Company A bonds Company B notes Company C bonds Cost $533,900 159,358 663,800 Fair Value $ 492,000 151,000 646,448 Stoll enters Into the following transactions involving its available-for-sale debt securities this year. January 29 Sold one-half of the Company 8 notes for $78,378. July 6 Purchased Company X bonds for $124,888. November 13 Purchased Company 2 notes for $267,488. December 9 Sold all of the Company A bonds for $519,488. Fair values at December 31 are B, $82,200; C, $604,900; X, $115,000; and Z, $277,000. 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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. No 1 Date January 29 General Journal Cash Loss on sale of debt investments Debt investments-AFS 2 July 06 Debt investments-AFS Cash 3 November 13 Debt investments-AFS Cash 4 December 09 Cash 5 December 31 Loss on sale of debt investments Debt investments-AFS Fair value adjustment-AFS 00000 Debit Credit 78,370 1,305 79,675 124,800 124.800 257,400 267,400 000 519,400 14,500 533.900 Unrealized gain-Equity