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 Company A bonds Company B notes Company C bonds Cost Fair Value $534,900 $492,000 159,290 145,000 662,500 641,740 Stoll enters into the following transactions Involving its available-for-sale debt securities this year. Jan. 29 Sold one-half of the Company B notes for $78,130. July 6 Purchased bonds of Company X for $125,100. Nov. 13 Purchased notes of Company Z for $268,000. Dec. 9 Sold all of the bonds of Company A for $515,300. The fair values at December 31 are B, $80,300; C, $606,800; X, $101,000; and Z, $271,000. 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 let Journal entry worksheet Sold one-half of the notes Company B for $78,130. Note: Enter debits before credits. Date Jan. 29 Cash General Journal Debit Credit 78,130 Loss on sale of debt investments 1,515 Stock investments 79,645 Record entry Clear entry View general journal Required 1 Required 2 Prepare journal entries to record these transactions, including the December 31 adjusting entry to record the fair value adjustme the long-term investments in available-for-sale securities. View transaction list Journal entry worksheet 2 3 Sold one-half of the notes Company B for $78,130. Sinta Enter dahite haf View transaction let Journal entry worksheet 2 Purchased bonds of Company X for $125,100. Note: Enter debits before credits. Journal entry worksheet < 5 Purchased notes of Company Z for $268,000. Note: Enter debits before credits. Prepare journal entries to record these transactions, including the December 31 adjusting entry to record the fair value adjustme the long-term investments in available-for-sale securities. View transaction list Journal entry worksheet < 2 3 4 Sold all of the bonds of Company A for $515,300. Note: Enter debits before credits. Required 1 Required 2 Prepare journal entries to record these transactions, including the December 31 adjusting entry to record the fair value adjustme the long-term investments in available-for-sale securities. View transaction let Journal entry worksheet 2 3 5 Record the year-end adjusting entry for the securities portfolio as of December 31.