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A trustee has been appointed for Pace Incorporated, which is being llquidated 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 $61,600, consisting of all Inventory transferred from Pace 2. The trustee sold all $12,800 worth of marketable sequrities for $9,800. 3. Recelvables collected by the trustee: 4. Depreciation of $15,800 on the plant assets of $97,400 transferred from Pace were recorded. 5. Disbursements by the trustee: old current payables: $23,200 of the $48,900 transferred Trustee's expenses: $4,800 Required: Prepare a statement of realization and liquidation according to the traditional approach Illustrated in the chapter