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 $76,900. Cost of goods sold were $61,300, consisting of all inventory transferred from Pace. 2. The trustee sold all $13,800 worth of marketable securities for $10,000 3. Receivables collected by the trustee: Old: $20,500 of the $39,000 transferred New: $46,300 4. Depreciation of $16,600 on the plant assets of $96,400 transferred from Pace recorded. 5. Disbursements by the trustee: Old current payables: Trustee's expenses: $23,500 of the $48,500 transferred 4,600 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 to be Realized Assets Acquired Assets Not Realized Supplementary Items Supplementary Charges Supplementary Credits Liabilities Liabilities to be Liquidated Liabilities Not Liquidated Liabilities Incurred