Exercise C-6 Transactions in short-term and long-term investments LO P1, P2, P3 a. On February 15, paid $140,000 cash to purchase American General's 90-day short-term notes at par, which are dated February 15 and pay 9% interest (classified as held-to-matunty) b. On March 22, bought 950 shares of Fran Industries common stock at $42 cash per share plus a $190 brokerage fee (classified as long-term available-for-sale securities) c. On May 15, received a check from American General in payment of the principal and 90 days' interest on the notes purchased in transaction a. d. On July 30, paid $42,000 cash to purchase MP3 Electronics' 8% notes at par, dated July 30, 2017, and maturing on January 30, 2018 (classified as trading securities). e. On September 1, received a $0.28 per share cash dividend on the Fran Industries common stock purchased in transaction b. f. On October 8, sold 475 shares of Fran Industries common stock for $48 cash per share, less a $170 brokerage fee. g. On October 30, received a check from MP3 Electronics for three months' interest on the notes purchased in transaction d Prepare journal entries to record the above transactions involving both the short-term and long-term investments of Cancun Corp., all of which occurred during calendar-year 2017. Use the account Short-Term Investments for any transactions that you determine are short term. (Use 360 days in a year. Do not round your intermediate calculations.)