Chloe's gross estate consists of the following property valued at the date of death: Description Value Real estate Cash, stock, and bonds Personal property $5,500,000 6,700,000 300,000 Chloe's real estate is encumbered by a mortgage of $450,000, and Chloe's executor paid her funeral costs of $6,000 and charged fees for $24,000. Which of the following is a true statement? Chloe's adjusted gross estate is at least $12,020,000. O Chloe's taxable estate is $12,050,000. Chloe's estate will calculate the tentative estate tax on $12.5 million