In the current year, John gives $140,000 of land to John, Jr. In the current year, John's wife gives $170,000 of land to Andy and $52,000 cash to John, Jr. Assume the couple elects gifts splitting for the current year and the current year is 2016. What are the couple's taxable gifts? How would your answer to Part a change if John's wife gave the $52,000 of cash to Larry (instead of to John, Jr.)