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Anna and Michael, spouses, have four adult children, Aaron, Bella, Cora, and Dennis. In the current year, they made a number of gifts. Anna gave

Anna and Michael, spouses, have four adult children, Aaron, Bella, Cora, and Dennis. In the current year, they made a number of gifts. Anna gave Aaron cash of $ 45 comma 000 and Bella stock valued at $ 58 comma 000. Michael gave Cora stock valued at $ 40 comma 000 and deposited $ 84 comma 000 in a bank account in the names of Michael and Dennis, joint tenants with right of survivorship. Later in the year, Michael withdrew $ 10 comma 100 from the account, and Dennis withdrew $ 8 comma 400. Michael gave stock valued at $ 130 comma 000 to his alma mater, State Technological Institute. Requirement Calculate the amount of taxable gifts for each spouse if they elect gift splitting. (Assume the current year is 2023. Select the labels and then calculate the amount of taxable gifts for each spouse if they elect gift splitting. Use a minus sign or parentheses for amounts to be subtracted.)

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