Joyce died in 2020 with an Adjusted Gross Estate of $5,600,000. Joyce's Gross Estate included eighty percent (80%) of the stock of Oakhurst Corporation valued at $1,980,000. Joyce had purchased the stock in Oakhurst Corporation in 1996 for $120,000. The Death Taxes and Funeral Expenses and Administrative Expenses for Joyce's estate totaled $425,000. The executor of Joyce's estate redeemed $500,000 of the stock Joyceowned in Oakhurst Corporation. As a result of this transaction, Joyce's estate has a Taxable Dividend Income of: (Assume that Joyce's estate does not qualify for any Redemption under Section 302(b) and OakhurstCorporation has substantial Earnings And Profits (E&P))

		$500,000.
		$ -0-.
		$425,000.
		$ 75,000.