This is an accounting question dealing with income taxes:

Canvas X -X COD D Question 41 1.75 pts Morbid was always interested in making a "fast buck." When Morbid's father was very ill and unlikely to live very much longer, Morbid purchased an existing life insurance policy on his father's life from a brother who acquired the policy several years ago and was not aware of the serious illness. Morbid paid $10,000 for the policy and received $20,000 in proceeds shortly thereafter when his father died. Under his father's will, all of his property was bequeathed to Morbid's mother, except that the income earned from the property during the administration of the estate was bequeathed to Morbid. The estate had $5,000 of income, which was distributed to Morbid in the same year as the insurance proceeds. How much must Morbid include in his income for the year? $10,000 $15,000 $25,000 Question 42 1.75 pts George dies and leave Jean his property worth $600,000. George paid $275.090 for the