Robert, a single taxpayer, made three gifts this year; $8,500 cash to his nephew; $80,000 cash to a qualified charitable organization; and land to his brother. Robert’s tax basis in the land was $370,000, and its fair market value was $430,000 on the date of the gift. Compute Robert’s taxable gifts for the year assuming the annual gift tax exclusion is $14,000 per donee.