Edgar adores his nephew Alec. Edgar made the following transfers during the year: Gifted a house to Alec with an adjusted basis of $30,000 and a fair market value of $100,000. Gifted 2,000 shares of Netflix stock to Alec with an adjusted basis of $100,000 and a fair market value of $300,000. Gifted a truck to Alec with a fair market value of $30,000. Deposited $50,000 in a newly opened bank account titled jointly to Edgar (Alec has taken no withdrawals from the account). What is the total value of Erics gifts - before deducting his annual exclusion - to Alec for this year?

Group of answer choices $480,000 $400,000 $430,000 $0