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The executor of Gina Purcells estate has recorded the following information: Assets discovered at death (at fair value): Cash $ 780,000 Life insurance receivable 290,000

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

Assets discovered at death (at fair value):

Cash $ 780,000
Life insurance receivable 290,000
Investments:
Walt Disney Company 29,000
Polaroid Corporation 45,000
Ford Motor Company 52,000
Dell Inc. 50,000
Rental property 480,000
Cash outflows:
Funeral expenses $ 39,000
Executor fees 30,000
Ordinary repairs of rental property 2,000
Debts 83,000
Distribution of income to income beneficiary 5,800
Distribution to charitable remainder trust 390,000
Cash inflows:
Sale of Polaroid stock $ 57,000
Rental income ($8,000 earned prior to death) 19,500
Dividend income ($3,800 declared prior to death) 20,500
Life insurance proceeds 290,000

Debts of $35,000 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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