PLEASE FIND HIGHLIGHTED

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:

Sales on account by the trustee were $$76,800.$ Cost of goods sold were $$61,400,$ consisting of all inventory transferred from Pace.

The trustee sold all $$12,400$ worth of marketable securities for $$9,600.$

Receivables collected by the trustee:

$0$ld: $,$$$20,600$ of the $$38,900$ transferred

New: $$45,700$

$4.$ Depreciation of $$15,700$ on the plant assets of $$97,600$ transferred from Pace were recorded.

$5.$ Disbursements by the trustee:

Old current payables: $$22,400$ of the $$49,300$ transferred

Trustee's

expenses:

$$5,600$

Required:

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

Answer is not complete.