[The following information applies to the questions displayed below.] Stoll Co.'s long-term available-for-sale portfolio at the start of this year consists of the following. Available-for-Sale Securities Company A bonds Company B notes Company C bonds Cost $532,700 159,240 662,600 Fair Value $494,000 152,000 645, 100 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 $78,640. July 6 Purchased bonds of Company x for $123,700. Nov. 13 Purchased notes of Company Z for $267,700. Dec. 9 Sold all of the bonds of Company A for $524,800. The fair values at December 31 are B. $83,300: C. $600,200; X. $113,000: and Z. $276.000. Problem 15-3A Part 1 and 2 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. Required 1 Required 2 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. View transaction list Journal entry worksheet