On January$1,20232023,$ MacKenzieMacKenzie gifted investments with a FMV of $ $245$ comma $000$$$245,000$ to a newly established inter vivos trust in which her$25-$year$-$old son, NormanNorman$,$ is the sole beneficiary. The ACB of these investments to MacKenzieMacKenzie was $ $79$ comma $900$$$79,900.$ In $20232023,$ the trust receives a taxable dividend on the investments of $ $25$ comma $400$$$25,400,$ all of which is distributed to NormanNorman.

What are the income tax consequences of these transactions to MacKenzieMacKenzie$,$ the$$ trust, and NormanNorman$?$