Joe is the beneficiary of a $34,000 insurance policy on the life of his mother. Because Joe needs funds, he sells the policy to his sister Jill for $10,000. Jill subsequently pays premiums of $13,000. (Enter "0" if no income needs to be reported)

A. How much income must Jill report if she collects the face value of the policy upon the death of her mother? Upon the death of her mother, Jill is to report ($) if she collects the face value of the policy.

B. Would Jill have to report any income if her brother had given her the policy? Assume the only payment she made was $13,000 for the premiums. Yes/No if Jill's brother gave her the policy, ($) income would have to be reported.