QUESTION THREE [10] John Doe and his wife Jane were married out of community of property and without the accrual system. Jane passed away on 16 March 2021. She left the following estate: A house in Berea, with a market value of R1 320 000. Listed shares with a market value of R925 000 at the date of her death. A week after Jane's death the share market plunged and the shares are now worth only R835 000. Shares in Doe and Sons (Pty) Limited, with market value of R800 000. The executor sold the shares to the remaining shareholders under the articles of association for R600 000. Personal and sundry assets valued at R158 100. Expenses in the estate (all deductible for estate duty purposes) were R71 004. Other than the shares in Doe and Sons (Pty) Limited (see above), none of the other assets in Jane's estate was disposed of during the course of winding up. Under Jane Doe's last will and testament, John is to receive R350 000 in cash, and The residue of her estate is bequeathed to a discretionary trust. Its beneficiaries include John, and John and Jane's descendants. Required: Calculate the amount of estate duty payable by the estate of Jane Doe. QUESTION THREE [10] John Doe and his wife Jane were married out of community of property and without the accrual system. Jane passed away on 16 March 2021. She left the following estate: A house in Berea, with a market value of R1 320 000. Listed shares with a market value of R925 000 at the date of her death. A week after Jane's death the share market plunged and the shares are now worth only R835 000. Shares in Doe and Sons (Pty) Limited, with market value of R800 000. The executor sold the shares to the remaining shareholders under the articles of association for R600 000. Personal and sundry assets valued at R158 100. Expenses in the estate (all deductible for estate duty purposes) were R71 004. Other than the shares in Doe and Sons (Pty) Limited (see above), none of the other assets in Jane's estate was disposed of during the course of winding up. Under Jane Doe's last will and testament, John is to receive R350 000 in cash, and The residue of her estate is bequeathed to a discretionary trust. Its beneficiaries include John, and John and Jane's descendants. Required: Calculate the amount of estate duty payable by the estate of Jane Doe