The executor of Rose Shield's estate listed the following properties $($at fair value$)$:

Following are the transactions that occur in the months following the decedent's death:

Claims of $$90,000$ are made against the estate for various debts incurred before the decedth.

Interest of $$22,000$ is received from bonds held by the estate. Of this amount, $$4,000$ had been earned prior to death.

Ordinary repairs costing $$11,000$ are made to the rental property.

All debts $($$$90,000)$ are paid.

Stocks recorded in the estate at $$21,000$ are sold for $$29,000$ cash.

Rental income of $$24,000$ is collected. Of this amount, $$7,000$ had been earned prior to the decedent's death.

Cash of $$7,000$ is distributed to Jim Arness, an income beneficiary.

The proceeds from the life insurance policy are collected and the money is immediately distributed to Amanda Blake as specified in

the decedent's will.

Funeral expenses of $$20,000$ are paid.

Required:

a$.$ Prepare journal entries to record the property held by Ms$.$ Shield's estate and then each of the above transactions that occur in the

months following the decedent's death.

b$.$ Prepare in proper form a charge and discharge statement.