Nancy, who is 59 years old, is the beneficiary of a $230,000 life insurance policy. What amount of the Insurance proceeds is taxable under each of the following scenarios? Note: Do not round any Intermediate division. Round your final answer to the nearest whole dollar amount. a. She receives the $230,000 proceeds as a lump sum payment. b. She receives the proceeds at the rate of $4,450 a month for five years. c. She receives the proceeds in monthly payments of $1,360 over her remaining life expectancy (assume she will live 25 years) d. Use the information from (c). If Nancy lives beyond her 25-year life expectancy, what amount of each monthly payment will be taxable in the 26th year? a Taxable insurance proceeds b. Taxable insurance proceeds per month c. Taxable insurance proceeds per month d. Taxable insurance proceeds per month