7 0 Required information [The following information applies to the questions displayed below Anne purchased an annuity from an insurance company that promised to pay her $28,000 per year for the next 10 years Part 1 of 2 Anne paid $198,800 for the annuity, and in exchange she will receive $280,000 over the term of the annuity 015 points a. How much of the first $28,000 payment should Anne include in gross income? (Do not round intermediate colculations.) eBook Hint Print References 8 0 Required information The following information applies to the questions displayed below.] Anne purchased an annuity from an insurance company that promised to pay her $28,000 per year for the next 10 years Part 2 of 2 Anne paid $198,800 for the annuity, and in exchange she will receive $280,000 over the term of the annuity 0.15 points b. How much income will Anne recognize over the term of the annuity? eBook Hint Print References