Nathan is $14$ years old. Nathan's dad opened a bank account for Nathan when he was $2$ years old and has been depositing $$100$ each month ever since. In early $2024,$ Nathan received a bank statement from CIBC showing the account had a balance of $$16,268\mathrm{.}34$ at the end of $2023$ and a T$5$ for $2023$ with $$308\mathrm{.}15$ in box $13.$What options do Nathan and his dad have for reporting this income? Nathan's dad must report income of $$16,268\mathrm{.}34$ Nathan's dad must report income of $$308\mathrm{.}15$ Nathan must report income of $$16,268\mathrm{.}34$Nathan must report income of $$308\mathrm{.}15$ No income must be reported since Nathan is under $18$