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. Available-for-Sale Securities 45,000 shares of Company A common stock 32,000 shares of Company B common stock 36,000 shares of Company C common stock $ 1,041,600 342.750 1,367,500 Fair Value $ 940,000 332,000 1,317,875 Stoll enters into the following long-term investment transactions during year 2015. Jan. 29 Sold 16,000 shares of Company B common stock for $170,375 less a brokerage fee of $3,600. Apr. 17 Purchased 22,000 shares of Company W common stock for $455,000 plus a brokerage fee of $3,300. The shares represent a 30% ownership in Company W July 6 Purchased 10,000 shares of Company X common stock for $259,125 plus a brokerage fee of $3,300. The shares represent a 10% ownership in Company X Aug. 22 Purchased 100,000 shares of Company Y common stock for $610,000 plus a brokerage fee of $8,100. The shares represent a 51% ownership in Company Y. Nov. 13 Purchased 14,000 shares of Company Z common stock for $527,800 plus a brokerage fee of $6,100. The shares represent a 5% ownership in Company Z Dec. 9 Sold 45,000 shares of Company A common stock for $1,028,500 less a brokerage fee of $4,100. The fair values of its investments at December 31, 2015, are: B C w X Y Z Fair Value $ 168,750 $ 1,226,625 $ 388,500 $ 242.250 $ 1,068,500 $ 563,600 1 Determine the amount Stoll should report on its December 31, 2015. balance sheet for its long- &2. 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 Unrealized December 31, 2015 AFS Securities # of shares Cost Fair Value Amount Company B common stock 16,000 5 342,750 $ 168,750 Company C common stock 32,000 1,367,500 1,226,625 Company X common stock 10,000 262,425 242,250 Company Z common stock 14,000 533,900 563,600 Total |_ 2.506,575 2201.225 December 31, 2014 Balance in the Fair Value Adjustment account December 31, 2015 required adjustment to the Fair Value Adjustment account Credit Credit Debit View transaction list View journal entry worksheet No Date Dec 31 Debit Credit 1 General Journal Fair value adjustment-AFS Unrealized loss Equity