Prepare charge and discharge statement

After the death of Lennie Pope, his will was read. It contained the following provisions 10 $160.000 in cash goes to decedent's brother, Ned Pope. points . Residence and other personal property go to his sister, Sue Pope. . Proceeds from the sale of Ford stock go to uncle, Harwood Pope. $400.000 goes into a charitable remainder trust. . All other estate assets are to be liquidated with the cash going to Victoria Jones. Book a. Prepare journal entries for the following transactions that subsequently occur (1) Discovered the following assets (at fair value): Print Cash $ 24, 090 Certificates of deposit 39,090 References Dividends receivable 4,000 Life insurance policy 500, 090 Residence and personal effects 520, 090 Shares of Ford Motor Company 82, 090 Shares of Xerox Corporation 89, 000 (2) Collected life insurance policy. 3) Collected dividends of $6,000 4) Discovered debts of $81,000 5) Conveyed title to the residence to Sue Pope along with the decedent's personal effects. (6) Discovered title to land valued at $25,000. (7) Discovered additional debts of $47,000. Paid all of the debts totaling $128,000. (8) Paid funeral expenses of $41,000. (9) Conveyed cash of $160,000 to Ned Pope. (10) Sold the shares of Ford for $96,000. (11) Paid administrative expenses of $26,000 (12) Made the appropriate payment to Harwood Pope. . Prepare a charge and discharge statement. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a charge and discharge statement. ESTATE OF LENNIE POPE Charge and Discharge Statement As to Principal and income I charge myself with; Assets per original inventory $ 1,308,000 Assets subsequently discovered: Land 25,000 Gain on sale of Ford Motor Co. stock 14,000 Dividend income 2,000 Total charges $ 1,349.000 I credit myself with Debts of decedent 128,000 Funeral and administrative expenses 67,000 Legacies distributed: Grow