18. Besides the items already mentioned, the Groves have the following receipts for 201 1: Social Security benefits (Bob, $12,000; Sally, $6,000) $18,000 Consulting income paid by Pelican (including expense reimbursement of $11, 150-see item 3) 35,000 Life insurance proceeds (see below) 50,000 Qualified dividend income Carmine Corporation 1,200 Flamingo Power 400 Interest income IBM bonds 600 CD at First National Bank of Denton 400 Wells Fargo money market fund 300 City of Beaumont (TX) general purpose bonds 9,000 The life insurance proceeds concerned a policy owned by Cornelius Grove (see item 14), which named Bob as the beneficiary. The receipt of the proceeds came as a com- plete surprise to Bob as he never knew the policy existed