B, who is single and 60 years old, started receiving retirement benefits from an annuity he purchased for $108,500. The annuity will pay him $1000 every month for life beginning on January 1. Based on actuarial tables published by the IRS, the number of monthly payments is 310. 1) The annual amount of the distribution received by B in the current year that is taxable is $ 2) The annual amount of the distribution received by B when he is 90 years old (for that full year) that is not taxable is $ In the text box provided, type the number and your answer. Edit View Insert Format Tools Table 12ptv Paragraph 1) $12,000 2) $0 BIUAT