Li purchased an annuity that provides $12,000 quarterly payments for the remainder of her life. The annuity was purchased at a cost of $420,480. How much of the first $12,000 quarterly payment will Li include in her gross income if she is 72 at the annuity start date? (A table with expected return multiples for an ordinary single-life annuity is provided below, if needed.) 6.57,200 c. $12,000 Li purchased an annuity that provides $12,000 quarterly payments for the remainder of her life. The annuity was purchased at a cost of $420,480. How much of the first $12,000 quarterly payment will Li include in her gross income if she is 72 at the annuity start date? (A table with expected return multiples for an ordinary single-life annuity is provided below, if needed.) 6.57,200 c. $12,000