Hashem works for Close Corporation for 24 years. Close has a qualified, noncontributory pension plan that pays employees with more than 5 years of service $100 per month per year of service when they reach age 65. Hashem turns 65 in February of this year and retires in June. Payments from Close's plan begin in July. In preparing for his retirement, Hashem had purchased an annuity 15 years ago for $26,000. The annuity pays $775 per month for life beginning at age 65. Hashem begins receiving the annuity payments in March. How much gross income does Hashem have from the receipt of the payments from Close and the annuity in the current year?