Question #3: Mark Corporation is in trusteeship under chapter 7 of bankruptcy. Following is the balance sheet at the start of June in which the bankruptcy case was windup. MARK CORPORATION IN TRUSTEESHIP BALANCE SHEET ON MAY 31, 2018 Assets Cash $42,000 Marketable securities 8,900 Accounts receivablenet 29,000 Prepaid expenses 4,500 Total assets $84,400 Liabilities and Deficit Accounts payable $65,000 Trustee's fee payableew 3,000 Note payablebank 16,000 Notes payablesuppliers 7,000 Total liabilities 91,000 Less: Estate deficit 6,600 Total liabilities less deficit $84,400 Required: Journalize the following transaction to windup liquidation case. (10 Marks) During June 2018, the trustee for Mark Corporation: Collected the $27,900 accounts receivable remaining were wrote off. Sold the marketable securities for $8,300 Sold supplies (included in prepaid expenses) for $4,000. Remaining were wrote off. The trustee's fee is paid in full. Distributed cash in final liquidation of the estate and trustee is dismissed