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The executor of Gina Purcells estate has recorded the following information: Assets discovered at death (at fair value): Cash $ 830,000 Life insurance receivable 210,000

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

Assets discovered at death (at fair value):

Cash $ 830,000
Life insurance receivable 210,000
Investments:
Walt Disney Company 34,000
Polaroid Corporation 50,000
Ford Motor Company 57,000
Dell Inc. 55,000
Rental property 530,000
Cash outflows:
Funeral expenses $ 44,000
Executor fees 35,000
Ordinary repairs of rental property 4,500
Debts 88,000
Distribution of income to income beneficiary 6,300
Distribution to charitable remainder trust 415,000
Cash inflows:
Sale of Polaroid stock $ 64,500
Rental income ($5,500 earned prior to death) 13,000
Dividend income ($4,300 declared prior to death) 14,000
Life insurance proceeds 210,000

Debts of $40,000 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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