T-9. Jack inherited a house from his father, Zack, on the death of his father, in January 2016. A Federal estate tax return was filed and the value of the land as finally determined for Federal estate tax purposes was $300,000 (the propertys fair market value at the date of the death). Zack had acquired the house in 1958 for $19,000 and prior to Zacks death had made permanent improvements of $50,000. How much is Jacks basis in the land?

a. $19,000

b. $69,000

c. $300,000

d. $369,000

Please show your calculations. Thanks.