Read the fact pattem below and determine the date and amount of the gift in 2022 . Sammy creater a $1,000,000 revocable trust on January 1, 2022. The trust is required to distribute money annially to Sammys son, Dayls over Davis' lifetime. At Davis' death, the remainder of the trust is to be transferred to Davis Junior. Shortly after setting up the trust, on June 1, 2022, Sammy decides to make the trust irrevocable. The value of the trust on June 1 is $1,050,000. On November 1, 2022, the trustee distributes $100,000 to Davic The date of the gitt is: The amount of the gift on that date