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 $75,200. Cost of goods sold were $61,600, 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: New: $20,500 of the $39,700 transferred $46,000 4. Depreciation of $16,600 on the plant assets of $97,700 transferred from Pace recorded. 5. Disbursements by the trustee: old current payables: Trustee's expenses: $23,200 of the $49,100 transferred $ 5,100 Required: Prepare a statement of realization and liquidation according to the traditional approach illustrated in the chapter. X Answer is not complete. $ Assets to be Realized Old receivables, net Marketable securities Old inventory Depreciable assets, net Assets Acquired New receivables 20,500 46,000 10,100 75,200 PACE CORPORATION Statement of Realization and Liquidation Assets Assets Realized $ 39,700 Old receivables 13,400 New receivables 61,600 Marketable securities 97,700 Sales of inventory Assets Not Realized 75,200 Old receivables, net New receivables, net Depreciable assets Supplementary Items Supplementary Credits 5,100 Net loss Liabilities Liabilities to be Liquidated $ 23,200 Old current payables Liabilities incurred 29,200 Supplementary Charges Trustee's fee Liabilities Liquidated Old current payables Liabilities Not Liquidated $ 49,100 $ 315,900 $ 230,100