During $2024$ Blake transferred a corporate bond with a face amount and fair market value of $$20,000$ to a trust for the benefit of her $16$ year$-$old child. Annual interest on this bond is $$2,000,$ which is to be accumulated in the trust and distributed to the child on reaching the age of $21.$ The bond is then to be distributed to the donor or her successor in interest in liquidation of the trust.$$ Present value of the total interest to be received by the child is $$8,710.$ The amount of the gift that is excludable from taxable gifts is

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Group of answer choices

$$20,000$

$$5,000$

$$8,710$

$$0$