In 2016 D an unmarried person, created two (2) irrevocable trusts with independent, third party trustees. Trust 1 provided income to A for life ( FMV of $28,000) and remainder to B or B's estate (FMV of $28,000). Trust 2 provides income to C or E in the trustee's discretion for their lives, remainder to For F's estate. The income interest in Trust 2 has a FMV of $28,000. The remainder in Trust 2 has a FMV of $28,000. How much of the gifts by D qualify for the annual exclusion?

A. $14,000

B. $28,000

C. $42,000

D $56,000

E. $70,000