During 2014, Will gives $40,000 cash to Will, Jr. and a remainder interest in a few acres

Question:

During 2014, Will gives $40,000 cash to Will, Jr. and a remainder interest in a few acres of land to his friend Suzy. The remainder interest is valued at $32,000. Will and his wife, Helen, elect gift splitting, and during the current year Helen gives Joyce $8,000 of stock. What is the total amount of the annual gift tax exclusions available to Will and Helen?