In 2019, Lisa transferred $1,000,000 into a trust for the benefit of her brother, Keith, age 30, and Keiths daughter, Beth. Keith will receive all income for life and Beth will receive the remainder interest. Using the following information taken from IRS Valuation Table S for a single life with a 5% interest rate, what is the value of the taxable gift Lisa made to Keith? Assume that the gift to Keith qualifies for the annual exclusion.

Annuity	Life Estate	Remainder
17.5354	.87677	.12323

1. $108,230
2. $123,230
3. $138,230
4. $1,000,000