- Saved Chapter 15 Assignment Problem 15-5A Long-term investment transactions; unrealized and realized gains and losses LO C2, P3, P4 The following information applies to the questions displayed below. Stoll Co's long-term available-for-sale portfolio at December 31, 2016, consists of the following. Part 1 of 2 e Securities 125 points ss,e00 shares of Coepany A comson stock 16,eee shares of Coepany B comson stock 28,000 shares of Coepany C comson stock $1,833,6893,808 316,000 326,7se 1,339,58e 1,293,875 Stoll enters into the following long-term investment transactions during year 2017 0an. 29 Sold a,eee shares of Company B common stock for $162,375 less a brokerage fee of $2,aee. Apr. 17 Purchased 20,080 shares of Company k common stock for $415,ee0 plus brokerage fee of $2,589. The shares July & Purchased 11,800 shares of Comepany X conmon stock for $255, 125 plus a brokerage fee of $2,500. The shares Aug. 22 Purchased 18e,0ee shares of Company Y common stock for $5se,ee0 plus a brokerage fee of $7,300. The shares No. 13 Purchased 15,000 shares of Cagany Zcomon stock for SS3,-plus a brokerage fee of 1,-. The shares Dec. 9 Sold 55,090 shares of Conpany A/comson stock for $1,812,800 less a brokerage fee of $4, 1e0. The fair values of its investments at December 3,2017, are: B, 5164750 C, S1.222625, w,$384.500: x $238,250, Y represent a 12% ownership n Company X represent 51% ownership in Company Y represent ss arership in company Z $1,064,500, and Z, 559.600 Problem 15-5A Part 1 and 2 Required 2 Prepare any necessary December 31. 2017, adjusting entry to record the fair value adjustment for the long term investments in 1. Determine the amount Stoll should report on ts December 31, 2017, balance sheet for its long-term investments in available-for-sale available-for-sale securities. Complete this question by entering your answers in the tabs below