! Required information [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 $ 535,300 159,380 662,750 Fair Value $ 490,000 154,000 713,630 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 $79,200. July 6 Purchased Company X bonds for $126,600. November 13 Purchased Company Z notes for $267,900. December 9 Sold all of the Company A bonds for $515,000. Fair values at December 31 are B, $81,000; C, $665,000; X, $118,000; and Z, $278,000. 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 1 2 3 4 5 Sold one-half of the notes Company B for $79,200. Note: Enter debits before credits. Journal entry worksheet 1 2 3 45 Purchased Company X bonds for $126,600. Note: Enter debits before credits. Date July 06 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 Purchased Company Z notes for $267,900. Note: Enter debits before credits. Date November 13 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 Sold all of the Company A bonds for $515,000. General Journal Debit Credit Note: Enter debits before credits. Date December 09 Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 Record the year-end adjusting entry for the securities portfolio as of December 31. General Journal Debit Credit Note: Enter debits before credits. Date December 31 Record entry Clear entry View general journal equired 1 Required 2 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 Total Cost Fair Value $ 0 $ 0 December 31 Balance in the Fair Value Adjustment account Unrealized Amount < Required 1 Required 2>