Record Corporation pays premiums of $$25,000$ for an insurance policy with a face amount of $$75,000$ on the life of Ricci, an officer of the corporation. Subsequently Record sells the policy to Ricci's spouse, Monahan, for $$35,000.$ Two days later, Ricci dies and Monahan receives the proceeds of $$75,000.$ Based on these facts Monahan has gross income of: