A trustee has been appointed for Pace Incorporated, 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 $76,600. Cost of goods sold were $60,400, consisting of all inventory transferred from Pace. 2. The trustee sold all $13,900 worth of marketable securities for $9,200. 3. Receivables collected by the trustee: old: New: $20,800 of the $38,600 transferred $45,800 4. Depreciation of $16,900 on the plant assets of $96,500 transferred from Pace were recorded. 5. Disbursements by the trustee: old current payables: Trustee's expenses: Required: $22,200 of the $49,100 transferred $5,400 Prepare a statement of realization and liquidation according to the traditional approach illustrated in the chapter.