In 2014, Francois Landry, resident of Louisiana, funded the Landry Trust. The trust instrument stated that the beneficiaries of the trust shall be all the children of Claudette Landry Mercier, who is the adult daughter of Francois. The trust is to distribute income in the trustee’s discretion until a child attains age 21. The instrument further stated, “The interest of each beneficiary shall be held and considered as a separate trust.” In 2014, Claudette had only one child, Henri, age 2. In January 2023, Claudette gave birth to triplets. In 2023, the trust collected \($80,000\) of dividends and distributed \($8,000\) to Henri. Your supervisor requested that you research and prepare a memo concerning whether \($80,000\) should be reported as gross income on one trust return or whether there should be four trust returns, each reporting income of \($20,000\) per trust.