Stoll Co.s long-term available-for-sale portfolio at December 31, 2012, consists of the following.

Available-for-Sale Securities	Cost			Fair Value
70,000 shares of Company A common stock	$	1,046,600		$	915,000
42,000 shares of Company B common stock		352,750			342,000
41,000 shares of Company C common stock		1,385,000			1,332,875

Stoll enters into the following long-term investment transactions during year 2013.

Jan.	29		Sold 21,000 shares of Company B common stock for $175,375 less a brokerage fee of $3,200.
Apr.	17		Purchased 22,000 shares of Company W common stock for $480,000 plus a brokerage fee of $3,800. The shares represent a 30% ownership in Company W.
July	6		Purchased 15,000 shares of Company X common stock for $261,625 plus a brokerage fee of $3,800. The shares represent a 10% ownership in Company X.
Aug.	22		Purchased 100,000 shares of Company Y common stock for $660,000 plus a brokerage fee of $8,600. The shares represent a 51% ownership in Company Y.
Nov.	13		Purchased 19,000 shares of Company Z common stock for $525,300 plus a brokerage fee of $6,600. The shares represent a 5% ownership in Company Z.
Dec.	9		Sold 70,000 shares of Company A common stock for $1,031,000 less a brokerage fee of $4,100.

The fair values of its investments at December 31, 2013, are:

Fair Value

B

$

171,250

C

$

1,229,125

W

$

391,000

X

$

244,750

Y

$

1,071,000

Z

$

566,100

1.

Determine the amount Stoll should report on its December 31, 2013, balance sheet for its long-term investments in available-for-sale securities.

2.

Prepare any necessary December 31, 2013, adjusting entry to record the fair value adjustment for the long-term investments in available-for-sale securities.

3.	What amount of gains or losses on transactions relating to long-term investments in available-for-sale securities should Stoll report on its December 31, 2013, income statement?