The following events occurred within one year of Roger’s death: 1. In addition to the personal residence (valued at $350,000), the inventory at fair value of Roger’s estate consisted of $230,000 cash,...

The following events occurred within one year of Roger’s death:

1. In addition to the personal residence (valued at $350,000), the inventory at fair value of Roger’s estate consisted of $230,000 cash, securities worth $210,000, personal effects worth $12,000, and a sailboat worth $8,000.

2. Mortgage payments on the residence were paid in the amount of $24,000, of which $8,000 was interest ($2,000 of which had accrued as of Roger’s date of death).