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"I leave the cash balance deposited in the First National Bank (up to a total...

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Accounting

"I leave the cash balance deposited in the First National Bank (up to a total of $50,100) to Jack Abrams. I leave $20,100 cash to Suzanne Benton. I leave 1,220 shares of Coca-Cola Company stock to Cindy Cheng. I leave my house to Dennis Davis. I leave all of my other assets and properties to Wilbur N. Ed."

Assume that the estate has the following assets: $36,500 cash in the First National Bank, $16,900 cash in the New Hampshire Savings and Loan, 1,010 shares of Coca-Cola stock, 1,320 shares of Xerox stock, a house, and other property valued at $13,700.

What distributions will be made from this estate? Assume that the estate has the following assets: $55,600 cash in the First National Bank, $6,500 cash in the New Hampshire Savings and Loan, 1,320 shares of Coca-Cola stock, 620 shares of Xerox stock, and other property valued at $28,000. What distributions will be made from this estate?

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