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The executor of Gina Purcells estate has recorded the following information: Assets discovered at death (at fair value): Cash $ 600,000 Life insurance receivable 200,000

The executor of Gina Purcells estate has recorded the following information:

Assets discovered at death (at fair value):

Cash $ 600,000
Life insurance receivable 200,000
Investments:
Walt Disney Company 11,000
Polaroid Corporation 27,000
Ford Motor Company 34,000
Dell Inc. 32,000
Rental property 300,000
Cash outflows:
Funeral expenses $ 21,000
Executor fees 12,000
Ordinary repairs of rental property 2,000
Debts 81,000
Distribution of income to income beneficiary 4,000
Distribution to charitable remainder trust 300,000
Cash inflows:
Sale of Polaroid stock $ 30,000
Rental income ($4,000 earned prior to death) 11,000
Dividend income ($2,000 declared prior to death) 12,000
Life insurance proceeds 200,000

Debts of $17,000 still remain to be paid. The Dell shares have been conveyed to the appropriate beneficiary. Assume that Ms. Purcells will stated that all executor fees are to be paid from principal.

Prepare an interim charge and discharge statement for this estate.

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