Guevara purchased an Annuity for $200,000. According to the Annuity Contract, he is to receive 1200 per month for life, starting April 1, 2022 when Peyton turns 70-years old. Required: Calculate the following(Use the simplified Method: Investment/# monthly payments = Excluded amount):

A) How much (total) Annuity was received in 2022?

B) What amount (total) should be included in Gross income in 2022