Marvin founded Electrix Corporation which includes both common and preferred shares. The preferred stock is noncumulative, has no redemption date, and possesses liquidation preferences. Marvin made a gift to his children of all the shares of the common stock. At the time of the gift, the preferred stock had a value of $$800,000$ and the common stock had a value of $$6,000,000.$ In the current year, ten years after making the gift, Marvin dies only owning the preferred stock. At the time of his death, the value of the preferred stock is $$1,000,000$ and the value of the common stock is $$10,000,000.$

Marvin's gross estate includes $$0$ as to the stock.

Marvin's gross estate includes $$10,000,000$ as to the stock.

Marvin made a gift of $$800,000$ ten years ago.

Marvin made a gift of $$6,800,000$ ten years ago.

None of the above is correct.