16. Brian, a calendar-year taxpayer, purchased an annuity contract which started paying him $54 each month on June 1 of the current year. The annuity cost him $2,400, and it has an expected return of $7,200. How much of this annuity is includable in gross income for the current year?

A.) $0

B.) $378

C.) $126

D.) $252

E.) None of the above