The executor of Rose Shields estate listed the following properties (at fair value):

Cash	$	305,000
Life insurance receivable		205,000
Investments in stocks and bonds		105,000
Rental property		91,000
Personal property		135,000

Following are the transactions that occur in the months following the decedents death:

(1) Claims of $81,000 are made against the estate for various debts incurred before the decedents death.

(2) Interest of $13,000 is received from bonds held by the estate. Of this amount, $5,500 had been earned prior to death.

(3) Ordinary repairs costing $6,500 are made to the rental property.

(4) All debts ($81,000) are paid.

(5) Stocks recorded in the estate at $16,500 are sold for $20,000 cash.

(6) Rental income of $15,000 is collected. Of this amount, $2,500 had been earned prior to the decedents death.

(7) Cash of $6,100 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 $11,000 are paid.

A. Prepare journal entries to record the property held by Ms. Shields estate and then each of the above transactions that occur in the months following the decedents death:

B. Prepare in proper form a charge and discharge statement.