Exercise 15-13 (Algo) Transactions in held-to-maturity, trading, and stock investments LO P1, P2, P4 On February 15, paid $200,000 cash to purchase GMI's 90-day short-term notes at par, which are dated February 15 and pay 9% interest (classified as held-to-maturity). On March 22, bought 700 shares of Fran Incorporated common stock at $47 cash per share. Cancun's stock investment results in it having an insignificant influence over Fran. On May 15, received a check from GMI in payment of the principal and 90 days' interest on the notes purchased in part a. On July 30, paid $60,000 cash to purchase MP Incorporated's 8% , six-month notes at par, dated July 30 (classified as trading securities). On September 1, received a $0.50 per share cash dividend on the Fran Incorporated common stock purchased in part b. On October 8, sold 350 shares of Fran Incorporated common stock for $53 cash per share. On October 30, received a check from MP Incorporated for three months’ interest on the notes purchased in part d.