f. Investments in mutual funds with an estate value of $170,000 were sold for $180,000 to provide necessary liquidity. Subsequent to the settlement of Robert’s estate, the following activity occurred...

f. Investments in mutual funds with an estate value of $170,000 were sold for $180,000 to provide necessary liquidity.

Subsequent to the settlement of Robert’s estate, the following activity occurred in the children’s trust during the first month:

a. The farmland was rented for $25,000. Property taxes and other operating expenses associated with the farmland were incurred in the amount of $8,000.

b. Mutual funds with an estate value of $120,000 were sold for $132,000. Mutual funds with an estate value of $50,000 were sold for $45,000.

c. Income on the mutual fund investments was $22,000.