Please complete part a and part b. show all work. thank you

Required Information [The following information applies to the questions displayed below.) Tom Hruise was an entertainment executive who had a fatal accident on a film set. Tom's will directed his executor to distribute his cash and stock to his wife, Kaffie, and the real estate to his church, The First Church of Methodology. The remainder of his assets were to be placed in trust for his three children. Tom's estate consisted of the following: Assets: Personal assets $ 800,000 Cash and stock 24,000,000 Intangible assets (film rights) 71,500,000 Real estate 15,000,000 $ 111,300,000 Liabilities: Mortgage $ 3,200,000 Other liabilities 4,100,000 $ 7,300,000 a. Tom made a taxable gift of $8 million in 2011. Compute the estate tax for Tom's estate (Refer to Exhibit 25-1 and Exhibit 25-2) (Enter your answers in dollars, not millions of dollars.) a. Tom made a taxable gift of $8 million in 2011. Compute the estate tax for Tom's estate. (Refer to Exhibit 25-1 and Exhibit 25-2) (Enter your answers in dollars, not millions of dollars.) Answer is complete but not entirely correct. Gross estate Marital Deduction Charitable Deduction Debts Taxable Estate Adjusted taxable gifts Cumulative taxable transfers Tax on cumulative transfers Current tax on adjusted taxable gits Tentative estate tax Applicable credit Estate Tax Due 111,300,000 (24,000,000) (15,000,000) (7,300,000) $ 65,000,000 8,000,000 $ 73,000,000 $ 29,145,800 (1,200,000) $ 27,945,800 2,117,800 $ 25,828,000 Required Information The following information applies to the questions displayed below) Tom Hruise was an entertainment executive who had a fatal accident on a film set. Tom's will directed his executor to distribute his cash and stock to his wife, Kaffie, and the real estate to his church, The First Church of Methodology. The remainder of his assets were to be placed in trust for his three children, Tom's estate consisted of the following: Assets: Personal assets $ 800,000 Cash and stock 24,000,000 Intangible assets (Film rights) 71,500,000 Real estate 15,000,000 $ 111,300,000 Liabilities: Mortgage $ 3,200,000 other liabilities 4,100,000 $ 7,300,000 b. Fill out lines 1 through 12 In part 2 of Form 706 for Tom's estate. (Use 2021 tax rules regardless of year on tax form.) Visit the IRS website and download Form 706. Enter the required values in the appropriate fleids. Save your completed Tax Form to your computer and then upload it here by clicking "Browse." Next, click "Save." of Amount Over EXHIBIT 25-1 Unified Transfer Tax Rates* Tax Base Equal to or Over Not Over Tentative Tax Plus S 0 $10,000 $0 18% 10,000 20,000 1,800 20 20,000 40,000 3,800 22 40,000 60,000 8,200 24 60,000 80,000 13,000 26 80,000 100,000 18,200 28 100,000 150,000 23,800 30 150,000 250,000 38,800 32 250,000 500,000 70,800 34 500,000 750,000 155,800 37 750,000 1,000,000 248,300 39 1,000,000 345,800 40 *The applicable credit and exemption are zero for estates that opted out of the estate tax in 2010. $ 0 10,000 20,000 40,000 60,000 80,000 100,000 150,000 250,000 500,000 750,000 1,000,000 EXHIBIT 25-2 The Exemption Equivalent Gift Tax Estate Tax Year of Transfer 1986 1987-1997 1998 1999 2000-2001 2002-2003 20042005 $500,000 600,000 625,000 650,000 675,000 1,000,000 1,000,000 1,000,000 1,000,000 20062008 2009-2010 2011 5,000,000 $500,000 600,000 625,000 650,000 675,000 1,000,000 1,500,000 2,000,000 3,500,000 5,000,000 5,120,000 5,250,000 5,340,000 5,430,000 5,450,000 5,490,000 11,180,000 11,400,000 11,580,000 11,700,000 2012 2013 5,120,000 5,250,000 5,340,000 2014 2015 5,430,000 5,450,000 2016 2017 2018 2019 5,490,000 11,180,000 11,400,000 11,580,000 11,700,000 2020 2021