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Required information

Problem $5-51($LO $5-2)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Anne purchased an annuity from an insurance company that promised to pay her $$19,000$ per year for the next $10$ years.

Anne paid $$143,450$ for the annuity, and in exchange she will receive $$190,000$ over the term of the annuity.

Problem $5-51$ Part a $($Algo$)$

a$.$ How much of the first $$19,000$ payment should Anne include in gross income?

Note: Do not round intermediate calculations.

Amount to be included in gross income