Right before his death from a terminal illness, Shing makes a gift of $865,000 cash to his church-a gift that he had planned to bequeath to the church anyway. Presuming Shing had a marginal Federal income tax rate of 35% and his Federal estate tax bracket is 40%, what is the tax effect of his lifetime transfer. Ignore the 20%/30%/50%/60% contribution limitations. If an amount is zero, enter "0". If gifted during his lifetime, Shing will save \$ in income taxes. If made as a bequest from his estate, the estate will save \$ in estate taxes