Stoll Co.'s long-term available-for-sale portfolio at December 31, 2016, consists of the following. Available for Sale Securities 75,000 shares of Company A common stock 44,000 shares of Company B common stock 42,000 shares of Company C common stock Cast $1,047, 600 354, 750 1, 388,500 Fair Value $ 917,000 344,000 1, 335,875 Stoll enters into the following long-term investment transactions during year 2017 Jan. 29 Sold 22,000 shares of Company B common stock for $176,375 less a brokerage fee of $3,200. Apr. 17 Purchased 23,000 shares of Company W common stock for $485,000 plus a brokerage fee of $3,900. The shares represent a 30% ownership in Company W. July 6 Purchased 9,000 shares of Company x common stock for $262,125 plus a brokerage fee of $3,900. The shares represent a 10% ownership in Company X. Aug. 22 Purchased 100,000 shares of Company Y common stock for $670,000 plus a brokerage fee of $8,700. The shares represent a 51% ownership in Company Y. Nov. 13 Purchased 20,000 shares of Company 2 common stock for $524, 800 plus a brokerage fee of $6.700. The shares represent a 5% ownership in Company Z. Dec. 9 Sold 75,000 shares of Company A coumon stock for $1.031,500 less a brokerage fee of $4,100. The fair values of its investments at December 31, 2017, are: B. $171,750; C. $1,229,625: W. $391,500; X. $245,250; Y, $1,071,500, and Z. 566,600. Required: 1. Determine the amount Stoll should report on its December 31, 2017, balance sheet for its long-term investments in available for sale securities, 2. Prepare any necessary December 31, 2017, adjusting entry to record the fair value adjustment for the long-term investments in available for sale securities