A trustee has been appointed for Pace Inc., which is being liquidated under Chapter 7 of the Bankruptcy Code. The following occurred after the assets were transferred to the trustee: 1. Sales on account by the trustee were $76,400. Cost of goods sold were $61,800, consisting of all inventory transferred from Pace. 2 The trustee sold all $13.300 worth of marketable securities for $9,100. 3. Receivables collected by the trustee Old $19.600 of the $39,000 transferred New $46.700 4. Depreciation of $15,100 on the plant assets of $96,900 transferred from Pace recorded. 5. Disbursements by the trustee: Old current payables: Trustee's expenses $23,600 of the $48,900 transferred S 4,800 Required: Prepare a statement of realization and liquidation according to the traditional approach illustrated in the chapter PACE CORPORATION Statement of Realization and Liquidation Assets Assets Realized Assets to be Realized 39.000 Old receivables, net Old receivables, net Marketable securities 13.300 New receivables 61,800 Marketable securities Old inventory Sales of inventory Depreciable assets, net Assets Not Realized Assets Acquired Old receivables New receivables New receivables, net Depreciable assets Supplementary Items Supplementary Credits Net loss Supplementary Charges Trustee's fee Liabilities Liabilities to be Liquidated Liabilities Liquidated Old current payables Old current payables Liabilities Incurred Liabilities Not Liquidated C 114,100