At the time of his death on August 7, Michael owned the following assets.

Green Corporation stock (cost $700,000, FMV $950,000). On July 20, Green declared a cash dividend, payable on August 17 to all shareholders as of the record date of August 8. Michaels executor receives the $64,000 dividend on the scheduled payment date.

Note receivable (face amount $600,000) payable on demand. The note was received by Michael two years previously from his daughter Addison. Addison used the loan to start a business which currently is very successful. In his will, Michael forgives the note.

How much, as to these transactions, is included in Michaels gross estate?