D's gross estate consists of the following assets, with different values as of the indicated dates:

Asset	Date of Death	Six Months After Date of Death
Real Estate	$5,300,000	$5,200,000
Stocks	$550,000	$600,000
Inventory	$500,000	$510,000
Patent with 5 years to run at death	$150,000	$135,000
Receivables	$100,000	$80,000
Total	$5,600,000	$5,525,000

The stocks were distributed to D's sole beneficiary three months after D's death when they were worth $560,000. Dividends of $2,000 on the stock were received by the estate after D's death, but before the stock was distributed. Royalties on the patent of $20,000 were received by the estate in the first six months after D's death. In addition, $20,000 of receivables had been collected in the first six months.

         a. Can the personal representative-elect to value the estate under § 2032?

         b. What would be the impact under § 2032 if (1) D died before the record date for the dividend, and (2) the estate collected an additional $20,000 of receivables during the first six months after D's death?

         c. How would the results differ if D died after the record date for the dividend?