Mike dies on September 17, 2018. Mike owned Microsoft Stock (cost $400,000, FMV $800,000). On August 15, 2018, Microsoft declared a cash dividend of $40,000, payable on September 24, 2018, to shareholders as of the record date of September 16, 2014. Mikes executor received the $40,000 dividend on the scheduled payment date. Assuming alternate valuation was not elected, what is the value of the stock and dividend, if any, that should be reported on Mikes Form 706?

$40,000

$0

$400,000

$800,000

$840,000