Jack, who had never married, died last year. Six years before his death he made the following gifts (these were the only gifts he made that year): I. stock worth $40,000 to Mickey II. a $300,000 (proceeds value) life insurance policy on his life to Molly. At Jack's death, the stock had increased in value to $70,000 and the life insurance company paid the $300,000 to Molly. Consider the two transfers when answering the following question. By how much will Jack's gross estate be increased? $300,000 $60,000 O $330,000 $15,000