Exercise 18-28 (Algorithmic) (LO. 7) Donald dies this year, and under his will, a trust is created in the amount of $6,794,000 with the following provisions: life estate to Cindy (Donald's spouse) and remainder to their children. His will also passes land (cost basis of $210,800 and fair market value of 5632,400) to the Salvation Army for the site of a new homoless housing project. a. If a QTIP election is made, how much will these transactions reduce Donald's gross estate to arriva at the taxable estate? b. If a QTIP election is not made, how much will these transactions reduce Donald's gross estate to arrive at the taxable estate