Required information [The following information applies to the questions displayed below.] Stoll Company's long-term avalioble-for-sale portfolio at the start of this year consists of the following Stoll enters into the following transactions involving its avallable-for-sale debt securities this year. January 29 sold one-balf of the Cospany B notes tor 87.420 . Juay 6 purchased Coopany x bond for 5122,100 . Novenber 13 purehased company 1 notee tor $267,300. December 9 sold all of the Company bonds for 5524,600 . Fair values at December 31 are B,$82,300;C,$603,800;x,$120,000; and 2,$276,000. 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 avaliable-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