! Required information [The following information applies to the questions displayed below.] Larry purchased an annuity from an insurance company that promises to pay him $11,000 per month for the rest of his life. Larry paid $1,156,320 for the annuity. Larry is in good health and is 72 years old. Larry received the first annuity payment of $11,000 this month. Use the expected number of payments in Exhibit 5-1 for this problem. a. How much of the first payment should Larry include in gross income? Amount to be included