A list of financial statement items for Ivanhoe Company includes the following: accounts receivable $16,800; prepaid insurance $3,120; cash $12,480; supplies $4,560; and debt investments (short-term) $9,840. Prepare the current assets section of the balance sheet listing the items in the proper sequence. (List current assets in order of liquidity.)

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?