(The following information applies to the questions displayed below.) Stoll Company's long-term available-for-sale portfolio at the start of this year consists of the following. Available-for-Sale Securities Company A bonds Cost $532,700 Fair Value Company B notes Company C bonds 159, 240 662,400 $ 494,000 152,000 645,100 Stoll enters into the following transactions involving its available-for-sale debt securities this year. January 29 Sold one-half of the Company B notes for $78,640. July 6 Purchased Company x bonds for $123, 700. November 13 Purchased Company Z notes for $267, 700. December 9 Sold all of the Company A bonds for $524,800. Fair values at December 31 are B, $83,300: C, $600,200; X, $113,000; and Z, $276,000. Required: 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. Complete this question by entering your answers in the tabs below.