Joey made gifts to his three nephews. Joey died in 2016.

The first nephew, Huey, received $50,00 from Joey throughout his lifetime as Christmas presents, birthday presents, etc.

The second nephew, Dewey, received Joey's automobile, which was worth $35,000, when he died.

The third nephew, Louie, was the beneficiary of a $40,000 life insurance policy that Joey had purchased for $18,000. Louie elected to recieve the insurance proceeds in installments of $9,120 each year for the next five years, starting in 2016.

a Calculate the amount that Huey is required to include in gross income for 2016.

b. Calculate the amount that Dewey is required to include in gross income for 2016.

c. Calculate the amount that Louie is required to include in gross income for 2016.