Your client, Mr Patel, has an annuity that will start in January of the coming year. As part of your financial planning services, you are estimating how much taxable income he will have as a result ofthe annuity. His investment in the annuity is $$200,000.$ The expected total return will be $$800,000.$ The monthly distribution after annuitization will be$$1,000.$ How much taxable income will Mr Patel have annually?$$9,000$$$27,000$$$32,400$$$36,000$