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 Cost $ 534,800 Fair Value $490,000 159,450 662,300 Company B notes Company C bonds 154,000 645,620 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 $78,930. July 6 Purchased Company X bonds for $120,400. November 13 Purchased Company Z notes for $267,300. December 9 Sold all of the Company A bonds for $517,780. Fair values at December 31 are B. $84,800; C, $604,800; X, $112,000; and Z, $270,000. 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 Determine the amount Stoll reports on its December 31 balance sheet for its long-term investments in available-for-sale securities. Fair Value Adjustment Computation - Available-for-Sale Securities December 31 AFS Securities Total Cost $ 0 S December 31 Balance in the Fair Value Adjustment account Fair Value Unrealized Amount < Required 1 Required 2 >