Besides the items already mentioned, the Clarks have the following receipts for 2017: Social Security benefits (Andy, $12,000; Sarah, $6,000) $18,000 Consulting income paid by Pelican (including expense reimbursement of $11,150see item 3) 35,000 Life insurance proceeds (see below) 50,000 Qualified dividend income (reported on separate Forms 1099-DIV): Ragusa Corporation 1,200 Pelican Power 400 Interest income (reported on separate Forms 1099-INT): IBM bonds 600 CD at First National Bank of McKinney 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 Maximilian Clark (see item 14), which named Andy as sole beneficiary. The receipt of the proceeds came as a complete surprise to Andy as he never knew the policy existed.