b. d. $0 7 David Collins died during the current year. The personal representative of David's estate reviewed the following assets. $2,000,000 1,500,000 Stocks in David's name only Investment property in a trust that David has the right to revoke 1,000,000 Primary home owned jointly with his wife (wife did not contribute to the purchase) Insurance policy owned by and insuring David with the proceeds payable to his daughter 800,000 500,000 Vacation home owned jointly with his son (son did not contribute to the purchase) 600,000 Cash placed in an irrevocable trust by David eight years ago with David's friend as trustee What is the value of David's gross estate for estate tax purposes? c. $5,300,000 d. $6,400,000 a. $3,500,000 b. $4,250,000