5. Interest of $2,400 is received on the Trident bond fund, and the royalty receivable is also collected. 6. Income taxes of $4,000 on the decedent’s final tax return are paid, along with $24,000 of...


5. Interest of $2,400 is received on the Trident bond fund, and the royalty receivable is also collected.


6. Income taxes of $4,000 on the decedent’s final tax return are paid, along with $24,000 of other claims against the estate.


7. A legacy of $15,000 is paid to the High Adventure Climbing School.


8. Administrative expenses of $3,200 are paid, of which $100 is traceable to income.



Jan 03, 2022
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