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 $76,800. Cost of goods sold were $61,200, consisting of all inventory transferred from Pace. 2. The trustee sold all $12,800 worth of marketable securities for $10,300. 3. Receivables collected by the trustee: old: New: $19,400 of the $38, 4ee transferred $46,600 4. Depreciation of $16,700 on the plant assets of $96,800 transferred from Pace recorded 5. Disbursements by the trustee: old current payables: Trustee's expenses: $22,100 of the $48,900 transferred $ 5,500 Marketable securities Old inventory Depreciable assets, net Assets Acquired New receivables 46,600 10,300 76,800 12,800 New receivables 61,200 Marketable securities 96,800 Sales of inventory Assets Not Realized 76,800 Old receivables, net New receivables, net Depreciable assets Supplementary Items Supplementary Credits 5,500 Net loss 0 19,000 30,200 80,100 Supplementary Charges Trustee's fee $ 0 X $ Liabilities Liabilities to be Liquidated 22,100 Old current payables Liabilities Incurred $ Liabilities Liquidated Old current payables Liabilities Not Liquidated Old current payables 48,900 0X $ 313,600 $ 331,300