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The Estate of Kent Talbert Reported the Following Information Required:
Prepare a Schedule to Show the Amount of the

Question 45

Essay

The estate of Kent Talbert reported the following information:  Value of estate assets $2,990,000 Conveyed to spouse 1,300,000 Conveyed to children 299,000 Conveyed to trust fund for benefit of spouse 650,000 Conveyed to charities 338,000 Funeral expenses 29,900 Administrative expenses 53,300 Debts 319,800\begin{array} { | l | r | } \hline \text { Value of estate assets } & \$ 2,990,000 \\\hline \text { Conveyed to spouse } & 1,300,000 \\\hline \text { Conveyed to children } & 299,000 \\\hline \text { Conveyed to trust fund for benefit of spouse } & 650,000 \\\hline \text { Conveyed to charities } & 338,000 \\\hline \text { Funeral expenses } & 29,900 \\\hline \text { Administrative expenses } & 53,300 \\\hline \text { Debts } & 319,800 \\\hline\end{array}
Required:
Prepare a schedule to show the amount of the taxable estate.

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