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, 600 159,310 661,900 Fair Value $ 492,000 150,000 641,950 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, 430. July 6 Purchased Company X bonds for $120,000 November 13 Purchased Company 2 notes for $267,100. December 9 Sold all of the Company A bonds for $524,100. Fair values at December 31 are B, $82,500; C. $609,100; X, $118.000; and Z, $279,000. 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. 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. 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. View transaction list Journal entry worksheet 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. 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. Fair Value Adjustment Computation - Available-for-Sale Securities December 31 AFS Securities Cost Fair Value Unrealized Amount Total 0 S 0 December 31 Balance in the Fair Value Adjustment account