Jim Grokem died in 2017. He was married to Candice (Candy) and lived in a common law state. At his death, he owned only two parcels of real estate and nothing else. Parcel one is an office building. Date of death value was $10,000,000. His will directed that half of this asset be given to Candy and half be given to his daughter Wilm. Parcel two is land. Date of death value was $500,000. His will directed that this asset be given to his son, Will . . In 1990, Jim made a taxable gift of $1,000,000. Total tax was $345,800 less the unified credit available at that time of $192,800 resulted in $153,000 of gift tax paid. Assume that $153,000 is the correct amount for form 706 line 7 Assume no funeral expenses or debts of the decedent. Also assume no credits other than the unified credit Required: From the IRS home page print out and complete as needed form 706 pages 1 through 5 for Jim's estate. I also suggest that you scan over the remainder of the pages of form 706 Hopefully the reporting sections will seem somewhat familiar after your studying the text and lecture topics. Answer all questions, including the Yes/No check boxes as much as you can. Don't bother printing out or completing any of the other 26 pages (such as schedule M) of the return. Jim Grokem died in 2017. He was married to Candice (Candy) and lived in a common law state. At his death, he owned only two parcels of real estate and nothing else. Parcel one is an office building. Date of death value was $10,000,000. His will directed that half of this asset be given to Candy and half be given to his daughter Wilm. Parcel two is land. Date of death value was $500,000. His will directed that this asset be given to his son, Will . . In 1990, Jim made a taxable gift of $1,000,000. Total tax was $345,800 less the unified credit available at that time of $192,800 resulted in $153,000 of gift tax paid. Assume that $153,000 is the correct amount for form 706 line 7 Assume no funeral expenses or debts of the decedent. Also assume no credits other than the unified credit Required: From the IRS home page print out and complete as needed form 706 pages 1 through 5 for Jim's estate. I also suggest that you scan over the remainder of the pages of form 706 Hopefully the reporting sections will seem somewhat familiar after your studying the text and lecture topics. Answer all questions, including the Yes/No check boxes as much as you can. Don't bother printing out or completing any of the other 26 pages (such as schedule M) of the return