Yolanda and Xavier, spouses, have four adult children, Andy, Betty, Cathy, and Danny. In the current year, they made a number of gifts. Yolanda gave Andy cash of $40,000 and Betty stock valued at $60,000. Xavier gave Cathy stock valued at $38,000 and deposited $80,000 in a bank account in the names of Xavier and Danny, joint tenants with right of survivorship. Later in the year, Xavier withdrew $10,000 from the account, and Danny withdrew $8,000. Xavier gave stock valued at $70,000 to his alma mater, State Technological Institute. Calculate the amount of taxable gifts for each spouse if they elect gift splitting.