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Betty Bloome died on February 28, 20X5. The following trial balance was prepared by the executor of Betty's estate as of October 31, 20X5: As

Betty Bloome died on February 28, 20X5. The following trial balance was prepared by the executor of Betty's estate as of October 31, 20X5:

As to Principal

As to Income

Cash--Principal

$ 75,000

Cash--Income

$21,000

Corporation Stock

150,000

Assets Subsequently

Discovered.

$ 17,000

Loss on Realization of

Principal Assets

3,000

Funeral and Administrative

Expense

9,000

Debts of Decedent Paid

14,000

Legacies Distributed

20,000

Devises Distributed

10,000

Estate Principal

264,000

Expenses Chargeable

Against Income

$ 2,000

Distributions to Income

Beneficiaries

7,000

Estate Income

30,000

$281,000

$281,000

$30,000

$30,000

Required:

Prepare a charge and discharge statement as of December 31, 20X5.

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