1. Winifred died in 2022 with an Adjusted Gross Estate of $3,600,000. Winifred's Gross Estate included eighty percent (80%) of the stock of Point Blank Corporation valued at $1,280,000. Winifred had purchased the stock in Point Blank Corporation in 1996 for $120,000. The Death Taxes and Funeral Expenses and Administrative Expenses for Winifred's estate totaled $420,000. The executor of Winifred's estate redeemed $420,000 of the stock Winifred owned in Point Blank Corporation immediately after the death of Winifred. As a result of this transaction, Winifred's estate has a Taxable Dividend Income of: (Assume that Winifred's estate does not qualify for any Redemption under Section 302(b) and Point Blank Corporation has substantial Earnings And Profits (E&P))

   		$305,000.
   		$420,000.
   		-0-.
   		$ 20,000.