Meredith and Taylor own land as joint tenants with right of survivorship. The land was purchased five years ago for $100,000. Meredith contributed $60,000 of the purchase price and Taylor contributed $40,000. Meredith died during the current tax year when the land was valued at $200,000. How much of the land is included in her gross estate?

$ 0.

$100,000.

$120,000.

$200,000.