At death, August 5th of the current year, Mildred owned: State of Oregon Bond $4,000,000 Ogami Inc
Question:
At death, August 5th of the current year, Mildred owned:
| State of Oregon Bond | $4,000,000 |
| Ogami Inc stock | $1,200,000 |
| Poultry Prize Inc stock | $800,000 |
| Promissory note from cousin Bill | $1,000,000 |
| Burial plot for self, wife and kids | $10,000 |
In September the personal representative of Mildred's estate received $80,000 of interest on the State of Oregon bond ($60,000 accrued prior to Mildred's death); $20,000 cash dividend on Ogami Inc stock (record date August 6th); and $12,000 dividend on Poultry Prize Inc stock (record date August 3th). Mildred's will contained a clause stating that if Bill owed her any money on the promissory note when she died, the balance of the note would be forgiven. Also, Mildred owned a Roth IRA at her death worth $2,800,000 at her death. Over her life she made taxable contributions to the IRA totaling $200,000. The rest of the value was due to tax free earnings of interest and dividends and capital appreciation of stock. What is the value of Mildred's gross estate?
Group of answer choices
A.$9,892,000.
B.$88,872,000.
C.$9,912,000.
D.$9,872,000.
E. None of the above.
