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 Cont $ 534,300 Fair Value $490,000 Company B notes Company C bonds 159,490 661,900 148,000 644,280 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 $78,500. July 6 Purchased Company X bonds for $120,600. November 13 Purchased Company I notes for $267,000. December 9 Sold all of the Company A bonds for $519,000. Fair values at December 31 are B. $83,900; C, $608,900; X, $100,000; and Z. $275,000. 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.. Journal entry worksheet 1 2 3 4 5 Sold one-half of the notes Company B for $78,500. Note: Enter debits before credits. Date January 29 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 Purchased Company X bonds for $120,600. 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 Purchased Company Z notes for $267,000. 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 $519,000. Note: Enter debits before credits. Date December 09 General Journal Debit Credit 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. Note: Enter debits before credits. Date December 31 General Journal Debit Credit 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-sa securities. Fair Value Adjustment Computation-Available-for-Sale Securities December 31 AFS Securities Total Cost December 31 Balance in the Fair Value Adjustment account Fair Value Unrealized Amount Total December 31 Balance in the Fair Value Adjustment account + < Required 1 Required