Stoll Co.s long-term available-for-sale portfolio at December 31, 2016, consists of the following.

Available-for-Sale Securities	Cost			Fair Value
80,000 shares of Company A common stock	$	1,039,600		$	920,000
28,000 shares of Company B common stock		338,750			328,000
34,000 shares of Company C common stock		1,360,500			1,311,875

Stoll enters into the following long-term investment transactions during year 2017.

Jan.		29		Sold 14,000 shares of Company B common stock for $168,375 less a brokerage fee of $3,400.
Apr.		17		Purchased 21,000 shares of Company W common stock for $445,000 plus a brokerage fee of $3,100. The shares represent a 30% ownership in Company W.
July		6		Purchased 8,000 shares of Company X common stock for $258,125 plus a brokerage fee of $3,100. The shares represent a 12% ownership in Company X.
Aug.		22		Purchased 100,000 shares of Company Y common stock for $590,000 plus a brokerage fee of $7,900. The shares represent a 51% ownership in Company Y.
Nov.		13		Purchased 12,000 shares of Company Z common stock for $528,800 plus a brokerage fee of $5,900. The shares represent a 5% ownership in Company Z.
Dec.		9		Sold 80,000 shares of Company A common stock for $1,027,500 less a brokerage fee of $4,100.

The fair values of its investments at December 31, 2017, are: B, $167,750; C, $1,225,625; W, $387,500; X, $241,250; Y, $1,067,500; and Z, 562,600.

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.

2)

Problem 15-5A Long-term investment transactions; unrealized and realized gains and losses LO C2, P3, P4

[The following information applies to the questions displayed below.] Stoll Co.s long-term available-for-sale portfolio at December 31, 2016, consists of the following.

Available-for-Sale Securities	Cost			Fair Value
80,000 shares of Company A common stock	$	1,039,600		$	920,000
28,000 shares of Company B common stock		338,750			328,000
34,000 shares of Company C common stock		1,360,500			1,311,875

Stoll enters into the following long-term investment transactions during year 2017.

Jan.		29		Sold 14,000 shares of Company B common stock for $168,375 less a brokerage fee of $3,400.
Apr.		17		Purchased 21,000 shares of Company W common stock for $445,000 plus a brokerage fee of $3,100. The shares represent a 30% ownership in Company W.
July		6		Purchased 8,000 shares of Company X common stock for $258,125 plus a brokerage fee of $3,100. The shares represent a 12% ownership in Company X.
Aug.		22		Purchased 100,000 shares of Company Y common stock for $590,000 plus a brokerage fee of $7,900. The shares represent a 51% ownership in Company Y.
Nov.		13		Purchased 12,000 shares of Company Z common stock for $528,800 plus a brokerage fee of $5,900. The shares represent a 5% ownership in Company Z.
Dec.		9		Sold 80,000 shares of Company A common stock for $1,027,500 less a brokerage fee of $4,100.

The fair values of its investments at December 31, 2017, are: B, $167,750; C, $1,225,625; W, $387,500; X, $241,250; Y, $1,067,500; and Z, 562,600.

Prepare any necessary December 31, 2017, adjusting entry to record the fair value adjustment for the long-term investments in available-for-sale securities. Fair Value Adjustment Computation - Available-for-Sale Securities December 31, 2017 AFS Securities # of shares Cost Fair Value Unrealized Amount Total Total Journal entry worksheet Record the year-end adjusting entry for the securities portfolio as of December 31, 2017 Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Problem 15-5A Part 3 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, 2017, income statement