Michael Angelo, an accomplished cartoonist worked for Artists Inc for 22 years. Sadly Michael died unexpectedly in 2017 at age 64. His beneficiary Mona LEesa received a lump sum death benefit of $250000 from the proceeds of cash value life insurance contract. The life insurance policy was part of a qualified retirement plan. At the time of Michaels death the insurance policy had a cash value of $125000. During his lifetime Michael reported a total of $25000 insurance costs on his tax returns. What is the taxable amount of the $250000distribution to Mona? Explain