This year Colleen transferred $100,000 to an Irrevocable trust that pays equal shares of income annually to three cousins (or their estates) for the next eight years. At that tume, the trust is terminated and the corpus of the trust reverts to Colleen. Required: -1. Determine the amount, If any, of the current gifts and the taxable gifts. I necessary, you may assume the relevant interest rate b 6 percent and Colleen is unmarried a-2 What is your answer if Colleen is married and she elects to gift-split with her spouse? (Round discount factors to 3 decimal places and other Intermediate calculations and final answers to the neerest whole dollar amount.) 3 Answer is complete but not entirely correct. 37.280 Amount of current gilft Amount of taxable gif 2Amount of Colleen's current pift S12.420