Anne purchased an annuity from an insurance company that promised to pay her $32,000 per year for the next 10 years. Anne paid $220,800 for the annuity, and in exchange she will receive $320,000 over the term of the annuity. Problem 5-51 Part a (Algo) a. How much of the first $32,000 payment should Anne include in gross income? Note: Do not round intermediate calculations. [The following information applies to the questions displayed below.] Anne purchased an annuity from an insurance company that promised to pay her $32,000 per year for the next 10 years. Anne paid $220,800 for the annuity, and in exchange she will receive $320,000 over the term of the annuity. Problem 5-51 Part b (Algo) b. How much income will Anne recognize over the term of the annuity