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 $76,700. Cost of goods sold were $61,300, consisting of all inventory transferred from Pace.
2. The trustee sold all $13,700 worth of marketable securities for $9,100.
3. Receivables collected by the trustee:

Old:	$	19,500		of the $38,300 transferred
New:	$	46,100

1. Depreciation of $16,400 on the plant assets of $96,600 transferred from Pace recorded.
2. Disbursements by the trustee:

Old current payables:	$	23,200		of the $49,500 transferred
Trustees expenses:	$	6,300

Required: Prepare a statement of realization and liquidation according to the traditional approach illustrated in the chapter.

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 Assets Acquired Assets Not Realized Supplementary Items Supplementary Credits Supplementary Charges Liabilities Liabilities to be Liquidated Liabilities Liquidated Liabilities Not Liquidated Liabilities incurred $ 0 $ 0