E 23-4 Accounting for an estate K.T. Tim has been appointed to serve as executor for the estate of Ms. Lisa Triciao, who passed away on August 15, 2015.

Ms. Triciao’s assets consisted of the following:

Asset Book Value Fair Value Cash $118,225 $118,225 Savings accounts 250,000 250,000 ViaReggio common stock 67,500 225,000 City of Roma municipal bonds 381,500 412,000 Mercedes sports car 57,500 41,000 Condominium on Italian Riviera 399,700 1,265,500 Atlanta personal residence 225,700 430,000 Collection of rare hand puppets 11,145 85,000 Fully restored Model T Ford 1,750 125,000 Estates and Trusts 787 The probate court has ruled that other personal effects may be excluded from the estate inventory.

REQuIRED: Prepare the estate inventory as of August 15, 2015.