Barney and Betty got divorced in 2018. In the divorce decree Betty agreed to pay Barney $59,700 per year for five years (or until Barneys death or remarriage) and $14,400 per year until their daughter, Pebbles, turns 19 years old. What amount (if any) is included in Barneys gross income in 2021?

Multiple Choice

• $110,400

• $59,700

• None of the payments are included in gross income.

• $14,400

• $74,100