Question: Leland pays premiums of $38,500 for an insurance policy in the face amount of $192,500 upon the life of Caleb and subsequently transfers the policy

Leland pays premiums of $38,500 for an insurance policy in the face amount of $192,500 upon the life of Caleb and subsequently transfers the policy to Tyler for $57,750. Over the years, Tyler pays subsequent premiums of $11,550 on the policy. Upon Caleb's death, Tyler receives the proceeds of $192,500. As a result, what amount is Tyler required to include in his gross income

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