Stoll Co.s long-term available-for-sale...

[The following information applies to the questions displayed below.] Stoll Co.'s long-term available-for-sale portfolio at December 31, 2014, consists of the following. Cost Fair Value $ 1,031,600 $ 910,000 Available-for-Sale Securities 45,000 shares of Company A common stock 12,000 shares of Company B common stock 26,000 shares of Company C common stock 322,750 312,000 1,332,500 1,287,875 Stoll enters into the following long-term investment transactions during year 2015. Sold 6,000 shares of Company B common stock for $160,375 less a Jan. 29 brokerage fee of $2,600. Apr. 17 Purchased 20,000 shares of Company W common stock for $405,000 plus a brokerage fee of $2,300. The shares represent a 30% ownership in Company W. July 6 Purchased 9,000 shares of Company X common stock for $254,125 plus a brokerage fee of $2,300. The shares represent a 10% ownership in Company X. Aug.22 Purchased 100,000 shares of Company Y common stock for $510,000 plus a brokerage fee of $7,100. The shares represent a 51% ownership in Company Y. Nov. 13 Purchased 13,000 shares of Company Z common stock for $532,800 plus a brokerage fee of $5,100. The shares represent a 5% ownership in Company Z. Sold 45,000 shares of Company A common stock for $1,022,000 less Dec. 9 a brokerage fee of $4,100. The fair values of its investments at December 31, 2015, are: Fair Value B $ 163,750 1,221,625 C $ 383,500 W $ 237,250 X $ 1,063,500 Y $ 558,600 Z $ 1 Determine the amount Stoll should report on its December 31, 2015, &2. 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. Fair Value Adjustment Computation - Available-for-Sale Securities December 31, 2015 AFS # of Fair Unrealized Cost Securities shares Value Amount Total $ 0 $ 0 View transaction list Journal entry worksheet 1 Record the year-end adjusting entry for the securities portfolio as of December 31, 2015. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry View general journal Clear entry 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, 2015, income statement