On January 1, Year 5, Ornate Company Ltd. purchased US$2,200,000 of the bonds of the Gem Corporation. The bonds were trading at par on this date, pay interest at 12% each December 31, and mature on December 31, Year 7. The following Canadian exchange rates were quoted during Year 5:

January 1, Year 5 US$1 = CDN$1.392 December 31, Year 5 US$1 = CDN$1.341

Exchange rates changed evenly throughout the year. These bonds were trading at 102 at December 31, Year 5. Prepare the journal entries for Year 5 assuming that the investment in bonds is (a) held to maturity, (b) held for trading, and (c) available for sale.