The estate of Bobbi Jones has the following provisions: total value of estate assets $2,000,000, amount specified to convey to a spouse $1,000,000, amount specified to convey to children $200,000, total debts 400,000, administrative expenses $50,000, and funeral expenses of$30.000. What is the value of the taxable estate?

a. $1,480,000

b. $1,520,000

c. $520,000

d. $550,000

e. $320,000