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 notes Company bonds Cost 5533,600 159,310 661,900 Ear Value $492,000 150,000 641,950 Stoll enters into the following transactions involving its available for sale debt securities this year Jan. 29 Sold one-half of the Company notes for $78,430. July 6 Purchased bonds of Company x for $120,800. Nov. 13 Purchased notes of Company 2 for $267,100. Dec. 9 sold all of the bonds of Company A for $524,100 The fair values at December 31 are B. $82,500. C. $609.100; X. $118.000, and Z. $279,000 Problem 15-3A Part 1 and 2 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