The executor of Rose Shields estate listed the following properties (at fair value): Cash $ 300,000 Life insurance receivable 200,000 Investments in stocks and bonds 100,000 Rental property 90,000 Personal property 130,000 Following are the transactions that occur in the months following the decedents death: (1) Claims of $80,000 are made against the estate for various debts incurred before the decedents death. (2) Interest of $12,000 is received from bonds held by the estate. Of this amount, $5,000 had been earned prior to death. (3) Ordinary repairs costing $6,000 are made to the rental property. (4) All debts ($80,000) are paid. (5) Stocks recorded in the estate at $16,000 are sold for $19,000 cash. (6) Rental income of $14,000 is collected. Of this amount, $2,000 had been earned prior to the decedents death. (7) Cash of $6,000 is distributed to Jim Arness, an income beneficiary. (8) The proceeds from the life insurance policy are collected and the money is immediately distributed to Amanda Blake as specified in the decedents will. (9) Funeral expenses of $10,000 are paid.

1) Prepare in proper form a charge and discharge statement