Exercise 27-19 (Algorithmic) (LO. 3) Included in Mary's gross estate are the following assets: Fair Market Value Stock in Orange Corporation, Stock in Crimson Corporation. If an amount is zero, enter "0". Date of Death $19,440,000 29,160,000 Six Months Later $20,412,000 23,328,000 a. How much is included in her gross estate if the alternate valuation date is elected? Because the 2032 election can Feedback Check My Work be made, the amount to include is $19,000,000 X. The alternate valuation date election was designed as a relief provision to ease the economic hardship that could result when estate assets decline in value. b. Suppose all of Mary's assets pass to her surviving spouse. How much is included in her gross estate if the alternate valuation date is elected? Because the 5 2032 election cannot be made, the amount to include is $