Jim pays premiums of $5,000 for an insurance policy in the face amount of $50,000 upon the life of AI. Jim transfers the policy to Robert for $10,000 Robert pays subsequent premiums of $2,000 on the policy. Upon Al's death, Robert receives the proceeds of $50,000. As a result, what amount is Robert required to include in his gross income? $0 $50,000 O $33,000 O $38,000 $35,000