Donna Stober's estate has the following assets (all figures approximate fair value): The house, cash, and other assets are left to the decedent's spouse. The investment land is contributed to a charitable organization. The automobiles are to be given to the decedent's brother. The investments in stocks and bonds are to be put into a trust fund. The income generated by this trust will go to the decedent's spouse annually until all of the couple's children have reached the age of 25 . At that time, the trust will be divided evenly among the children. The following amounts are paid prior to distribution and settlement of the estate: funeral expenses of $23,000 and estate administration expenses of $10,500. What value is to be reported as the taxable estate for federal estate tax purposes