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 $76,400. Cost of goods sold were $60,700, consisting of all inventory transferred from Pace.
2. The trustee sold all $12,700 worth of marketable securities for $9,300.
3. Receivables collected by the trustee:

Old:	$	19,200		of the $38,200 transferred
New:	$	45,700

1. Depreciation of $15,800 on the plant assets of $97,700 transferred from Pace recorded.
2. Disbursements by the trustee:

Old current payables:	$	22,100		of the $49,400 transferred
Trustees expenses:	$	5,600

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