Stoll Co.s long-term available-for-sale portfolio at December 31, 2014, consists of the following.

Determine the amount Stoll should report on its December 31, 2015, balance sheet for its long-term investments in available-for-sale securities. and Prepare any necessary December 31, 2015, adjusting entry to record the fair value adjustment for the long-term investments in available-for-sale securities.

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, 2015, income statement?

Stoll Co.'s long-term available-for-sale portfolio at December 31, 2014, consists of the following Available-for-Sale Securities 40,000 shares of Company A common stock 30,000 shares of Company B common stoclk 35,000 shares of Company C common stock Cost Fair Value $1,040,600 $ 930,000 330,000O 1,314,875 340,750 1,364,000 Stoll enters into the following long-term investment transactions during year 2015 29 Sold 15,000 shares of Company B common stock for $169,375 less a brokerage fee of $3,500 $3.200. The shares represent a 30% wnership in Company W $3.200. The shares represent a 10% wnership in Company X. $8,000. The shares represent a 51% ownership in Company Y $6,000. The shares represent a 5% ownership in Company Z Jan. Apr. 17 Purchased 21,000 shares of Company W common stock for $450,000 plus a brokerage fee of July 6 Purchased 9,000 shares of Company X common stock for $258,625 plus a brokerage fee of Aug. 22 Purchased 100,000 shares of Company Y common stock for $600,000 plus a brokerage fee of Nov. 13 Purchased 13,000 shares of Company Z common stock for $528,300 plus a brokerage fee of Dec. 9 Sold 40,000 shares of Company A common stock for $1,028,000 less a brokerage fee of $4,100 The fair values of its investments at December 31, 2015, are Fair Value B $ 168,250 C $1,226,125 W $ 388,000 X $ 241,750 Y $ 1,068,000 Z $563,10O