Ryan pays premiums of $$5,000$ for an insurance policy in the face amount of $$100,000$ upon the life of Nolan.

Ryan transfers the policy to Eric for $$10,000.$

Eric pays subsequent premiums of $$3,000$ on the policy.

Upon Nolan's death, Eric receives the proceeds of $$100,000.$

As a result, what amount is Eric required to include in his gross income?