1. On February 15, paid $130,000 cash to purchase GMI's 90-day short-term notes at par, which are dated February 15 and pay 7% interest (classified as held-to-maturity).
2. On March 22, bought 800 shares of Fran Inc. common stock at $29 cash per share. Cancun's stock investment results in it having an insignificant influence over Fran.
3. On May 15, received a check from GMI in payment of the principal and 90 days' interest on the notes purchased in part a.
4. On July 30, paid $39,000 cash to purchase MP Inc.'s 6% , six-month notes at par, dated July 30 (classified as trading securities).
5. On September 1, received a $0.32 per share cash dividend on the Fran Inc. common stock purchased in part b.
6. On October 8, sold 400 shares of Fran Inc. common stock for $35 cash per share.
7. On October 30, received a check from MP Inc. 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 Corp., all of which occurred during the current year. (Use 360 days in a year. Do not round your intermediate calculations. Round your answers to the nearest whole dollar.)