Problem $1-$ Gross estate, tangibles and intangibles, life insurance, claims against insolvent persons, reciprocity

Mr$.$ Mabuhay died on June $1,20$A$1$ with the following properties, rights and claims at the time of his death:

The following are the additional information:

a$.$ Abaca Company's common shares were traded on June $1$ at the highest price of P$620$ and lowest price of P$580.$

b$.$ Begonia Company owned real properties with book value of $P100,000,000$ and fair market value of $P125,000,000.$ It had

revaluation surplus of $P5,000,000$ recorded in its books. It had $1,000,000$ issued and outstanding common shares.

c$.$ For jewelry, the practice of pawnshops is to give a pawn value equal to $\frac{1}{3}$ of the fair market value of any property

pawned.

Required:

Determine the gross estate of Mr$.$ Mabuhay if at the time of his death, he was a citizen of the Philippines.

Determine the gross estate of Mr$.$ Mabuhay if at the time of his death, he was neither a citizen nor a resident of the

Philippines.

Determine the gross estate of Mr$.$ Mabuhay if at the time of his death, he was neither a citizen nor a resident of the

Philippines. Assume that the country where Mr$.$ Mabuhay resided does not impose death or estate tax.