$$2$ million$$500,000$$$800,000$ and fair market value $of$ $$1$ million$$48,000$ was

declared $on$ the stock payable $to$ all shareholders $of$ record $on$ October $3.$ The $$48,000$ was received $by$ Kaitlyn's executor $on$ October $19.$

Made a taxable gift $of$ $$400,000in$ a prior tax year.

$Asto$ these transactions, Kaitlyn's gross estate includes:

$a.$ $$1,048,000.$

$b.$ $$3,048,000.$

$c.$ $$3,000,000.$

$d.$ $$1,448,000.$