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