In 2015, Glen transferred several assets by gift to different persons. Glen dies in 2016. Information regarding the properties given is summarized below.

Fair Market Value Date of Gift Date of Death

Insurance policy on Glen's life $20,000 $200,000

Unimproved land 890,000 900,000

Stocks and bonds 600,000 800,000

The transfer of the land and the stocks and bonds resulted in a total gift tax of $60,000. As to these transactions, Glen's gross estate must include:

a. $200,000

b. $0

c. $1,960,000

d. $1,900,000

e. $260,000