mr. good died on april 15, of the current year. his assets and their fair market value at the time of his death were

cash $10,000

home $140,000

life insurance payable to mr. goods estate: $200,000

series EE bonds : 90,000

municipal bonds: $180,000

mr good had borrowed 10,000 against the cash value of his life ins policy. mr . good estate is liabile for the loan. what is the total amount of mr. goods estate for federal estate tax purposes?

1. $240,000

2. $420,000

3.$610,000

4. $620,000