1. In 2021, Donald transferred $150,000 to an irrevocable trust that pays equal shares of income each year to three nephews (or their estates) for the next five years. At that time, the trust is terminated, and the corpus of the trust reverts to Donald. While showing all work, determine the amount, if any, of the current gifts and the taxable gifts. You may assume that the relevant interest rate is 6 percent and Donald is unmarried.