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 notes Company C bonds Cont $ 534,900 159,290 662,500 Fair Value $492,000 145,000 641,740 Stoll enters into the following transactions involving its available-for-sale debt securities this year. January 29 Sold one-half of the Company B notes for $78,130. July Purchased Company X bonds for $125,100. November 13 Purchased Company I notes for $260,000. December 9 Sold all of the Company A bonds for $515,300. Fair values at December 31 are B, $80,300; C. $606,800; X, $101,000; and Z. $271,000. 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 Date General Journal 1 January 29 Cash Loss on sale of debt investments Debt investments-AFS 2 July 06 Debt investments-AFS Cash 000 00 Debit 78,130 Credit 5,630 72,500 125,100 125,100