Required information [The following information applies to the questions displayed below) Stoll Co's long-term available-for-sale portfolio at the start of this year consists of the following. Available-for-Sale Securities Cost Fair Value Company A bonds $530, 300 $49e, eee Company B notes 159, 300 146.000 Company C bonds 663, 10e 648,730 Stoll enters into the following transactions involving its available-for-sale debt securities this year Jan. 29 Sold one-half of the Company 8 notes for $78,390, July 6 Purchased bonds of Company X for $127,8ee. Nov. 13 Purchased notes of Company Z for $268,eee. Dec. 9 Sold all of the bonds of Company A for $518,800. The fair values at December 31 are B. $83,200; C. $607,600; X. $109,000, and Z. $279.000 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, Required information 3 4 5 Sold one-half of the notes Company B for $78,390. Note: Enter debits before credits General Journal Debit Credit Date Jan. 29 # Purchased notes of Company Z for $268,000. 1 Note: Enter debits before credits. Date General Journal Nov. 13 Debit Credit 05 Record entry Clear entry View general Journal ***** Sold all of the bonds of Company A for $518,800. Note: Enter debits before credits. General Journal Debit Credit Date Dec. 9 Record entry Clear entry View general Journal Record the year-end adjusting entry for the securities portfolio as of December 31. Note: Enter debits before credits. General Journal Debit Credit Date Dec. 31 Record entry Clear entry View general Journal 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 Fair Value Unrealized December 31 AFS Securities Cost Amount Mal S 0 $