Stoll Company's long-term available-for-sale portfolio at the start of this year consists of the following Available-for-Sale Securities Cost $534,300 159,200 Fair Value $493,000 Company A bonds Company notes 152,000 Company C bonds 662,500 641,220 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 $78,690. July & Purchased Company x bonds for $128.000. November 13 Purchased Company 2 notes for $267,200. December 9 Sold all of the Company A bonds for $523,500. Fair values at December 31 are B, $82,000; C, $600,000; X, $115,000; and Z, $280,000. 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