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Please solve the following problem The executor of Gina Purcell's estate has recorded the following information: Assets discovered at death [at fair value]: Cash 5

Please solve the following problem

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The executor of Gina Purcell's estate has recorded the following information: Assets discovered at death [at fair value]: Cash 5 670,000 Life insurance receivable 235,000 Investments: Walt Disney Company 18,000 Polaroid Corporation 34,000 Ford Motor Company 41,000 Dell Inc. 39,000 Rental property 3?0,000 Cash outflows: Funeral expenses $ 28,000 Executor fees 19,000 Ordinary repairs of rental property 5,500 Debts 88,000 Distribution of income to income beneficiary 4,700 Distribution to charitable remainder trust 335,000 Cash inflows: Sale of Polaroid stock S 40,500 Rental income ($7,500 earned prior to death) 18,000 Dividend income ($2,700 declared prior to death) 19,000 Life insurance proceeds 235,000 Debts of $24,000 still remain to be paid. The Dell shares have been conveyed to the appropriate beneficiary. Assume that Ms. Purcell's will stated that all executor fees are to be paid from principal. Prepare an interim charge and discharge statement for this estate. Prepare an interim charge and discharge statement for this estate. ESTATE OF GINA PURCELL Charge and Discharge Statement As to Principal I charge myself with: Assets subsequently discovered: 0 Total charges $ 0 I credit myself with: Estate principal Estate principal: Estate principal $ 0 As to Income I charge myself with: 0 I credit myself with: C Balance as to income 0 Balance as to income

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