Stoll Co.'s long-term available-for-sale portfolio at the start of this year consists of the following.

Available-for-Sale Securities	Cost			Fair Value
Company A bonds	$	534,800		$	490,000
Company B notes		159,450			154,000
Company C bonds		662,300			645,620

Stoll enters into the following transactions involving its available-for-sale debt securities this year.

Jan.		29		Sold one-half of the Company B notes for $78,930.
July		6		Purchased bonds of Company X for $120,400.
Nov.		13		Purchased notes of Company Z for $267,300.
Dec.		9		Sold all of the bonds of Company A for $517,700.

The fair values at December 31 are B, $84,800 C, $604,800 X, $112,000 and Z, $270,000.

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.