What is the amount of the gross gift on creation of the following trusts, assuming that the value of the corpus is $100,000, G is the grantor, A is unrelated to G and is 55 years old, C is unrelated to G and is 35 years old, and the applicable rate under 7520 is 6%?

1. What if $2,000 of income was payable each year to A for life (with the balance of the income to be added to the trust corpus), remainder to C or C's estate?
2. What if $2,000 of income was payable each year to A for 25 years (with the balance of the income to be added to the trust corpus), remainder to C or C's estate?