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 $60,100, consisting of all inventory transferred from Pace.
2. The trustee sold all $13,400 worth of marketable securities for $10,100.
3. Receivables collected by the trustee:

Old:$20,200of the $38,400 transferred

New:$45,200

4. Depreciation of $16,500 on the plant assets of $96,200 transferred from Pace recorded.

5. Disbursements by the trustee:

Old current payables:$22,700of the $48,500 transferred

Trustee's expenses:$5,400

Required:

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

How to get the net loss and new receivables, net?