Don Smith's wife died in January while still employed and, as her beneficiary, he began receiving an annuity of \(\$ 147\) per month.

There was no investment in the contract after June 30,2013 . The investment in the contract was \(\$ 7,938\). Don Smith, age 65 , received his first monthly annuity check as of February 3 , 2018. Determine the amount of his pension to be included in his gross income.