Olsen Company paid or collected during 2014 the following items:

Insurance premiums paid $25,800
Interest collected 62,800
Salaries paid 260,400

The following balances have been excerpted from Olsen's balance sheets:

December 31, 2014 December 31, 2013
Prepaid insurance $2,400 $3,000
Interest receivable 7,400 5,800
Salaries and wages payable 24,600 21,200

The interest revenue on the income statement for 2014 was

Select one:

A. $49,600.
B. $76,000.
C. $61,200.
D. $64,400.

In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?