Use the information in P 23-3 to prepare a charge-discharge statement for the estate of George Wilson for the period March 1, 2013 through April 30, 2013.

In Problem 3

George Wilson dies on March 1, 2013, leaving a valid will. The will reads as follows:

George Wilson, Testator

Inventory of Estate Assets

As of March 1, 2013

Assets Fair Value

Cash-checking......................................................$16,500

Cash-savings.........................................................50,000

Dividends receivable on stocks..........................................400

Interest receivable on bonds...........................................2,400

Life insurance-payable to the estate.............................500,000

Personal residence...................................................325,000

Household furnishings and personal effects.......................76,000

2000 Thunderbird Convertible.......................................21,000

Investments in stocks.................................................25,000

Investments in bonds................................................200,000

.....................................................................$1,216,300

The following transactions occurred during March and April:

March 25 Dennis pays funeral expenses of $2,800.

March 30 Dennis receives a check from the life insurance company for $500,000.

April 9 Dennis discovers title to a small parcel of lakefront property in George's safe deposit box. The title indicates that George purchased the land for $10,000.

April 15 A check for $3,000 in bond interest is received.

April 19 Dennis receives an appraiser's report on the lakefront property, valuing it for $28,000.

April 28 Dennis pays $13,250 to settle all liabilities of the estate, including property taxes and George's medical bills.

April 29 A check for $500 in stock dividends is received.

April 30 Dennis makes all remaining payments and property transfers and closes the estate.