1. 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).
2. 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.
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 $100,000 cash to purchase MP Incorporated's 8%, six-month notes at par, dated July 30 (classified as trading securities).
5. On September 1, received a $1 per share cash dividend on the Fran Incorporated common stock purchased in part b.
6. On October 8, sold 30 shares of Fran Incorporated common stock for $54 cash per share.
7. On October 30, received 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.