An unmarried decedent has a gross estate of $25,260,000 and passes away in 2022. Expenses associated with administering the estate are $200,000. The decedent has also made $400,000 in taxable gifts during her lifetime, and did not pay any gift tax associated with those transfers. State whether the following estate tax calculation is correct. If you disagree, calculate what you propose to be the correct amount. Gross Estate Deductions Taxable Estate Prior Taxable Gifts Total Taxable Estate Less: Unified Credit Estate Tax Base Estate Tax Due $ 25,260,000 $ (200,000) $ 25,060,000 $ 400,000 $ 25,460,000 $(12,060,000) $ 13,000,000 $ 5,145,800