130. Among the assets included in Taylor’s gross estate are the following.FairMarket ValueDate of DeathSix Months AfterDate of DeathStock in Grebe CorporationStock in Rail CorporationOffice building$7,000,000800,000900,000$6,800,000850,000890,000Three months after Taylor’s death in 2012, her executor sells the Rail stock for $830,000.a.What is the amount of Taylor’s gross estate if date of death value is used?b.What is the amount of Taylor’s gross estate if the alternate valuation date is elected?c.Suppose the accrued rents on the office building are as follows: $80,000 (date of death) and $82,000 (six months after death). How does this change the answers in parts a. and b.?d.Suppose all of Taylor’s assets pass to her surviving spouse. Does this have any impact on the choice of valuation date? Explain.a.$8,700,000. $7,000,000 + $800,000 + $900,000 = $8,700,000.b.$8,520,000. $6,800,000 + $830,000 + $890,000 = $8,520,000.c.Regardless of whether § 2032 is elected, post-death income earned on estate assets is not taken into account. Thus, the income earned up todate of death is the amount included in the gross estate. The answer to part a. is $8,780,000 and part b. is $8,600,000.