$1$:$4-38$ Insurance Policy Dividends. Hank carries a $$100,000$ insurance policy on his life. Premiums paid over the years total $$8,000.$ Dividends on the policy have totaled $$6,000.$ Hank has left the dividends on the policy with the insurance company. During the current year, the insurance company credited $$600$ of interest on the accumulated dividends to Hank's account.

a$.$ How much income is Hank obligated to report in connection with the policy?

b$.$ Would it make any difference if the accum