Exercise C-13 (Static) Transactions in held-to-maturity, trading, and stock investments LO P1, P2, P4 a. On February 15, paid $160,000 cash to purchase GMi's 90-day short-term notes at par, which are dated February 15 and pay 10% interest (classified as held-to-maturity). b. On March 22 , bought 700 shares of Fran Incorporated common stock at $51 cash per share. Cancun's stock investment results in it having an insignificant influence over Fran. c. On May 15, received a check from GMI in payment of the principal and 90 days' interest on the notes purchased in part a. d. On July 30, paid $100,000 cash to purchase MP Incorporated's 8%, six-month notes at par, dated July 30 (ciassified as trading securities). e. On September 1, received a $1 per share cash dividend on the Fran incorporated common stock purchased in part b. f. On October 8 , sold 30 shares of Eran Incorporated common stock for $54 cash per share. 9. On October 30, recelved a check from MP Incorporated for three months' interest on the notes purchased in part d. Prepare journal entries to record the above transactions involving both the short-term and long-term investments of Cancun Corporation, all of which occurred during the current year. (Use 360 days in a year. Do not round your intermediate calculations.) Journal entry worksheet (2) 345667 On february 15, pald $160,000 cash to purchase CMI's 90 -day short-term notes at par, which are dated February 15 and pay 10% interest (Cassified as neld-to-maturity)