Mr. Johnson wants to help his daughter, Erica, save for her college education. To this end, in 2018, when she was 16 years old, he put $3,000 into a GIC in her name, for a one-year term. On its maturity in 2019, Erica rolled the $3,000 into another GIC for one year, and the $300 interest earned during the first year into a second one-year GIC. In 2020, the interest earned on the two GIC's was $240 and $24, respectively. How much of this interest must Mr. Johnson report on his 2020 income tax return? 24 None of the other answers 240 264