Uncle Goofy made gifts to his three nephews. Uncle Goofy died in 2021. The first nephew, Huey, received $75,000 from Uncle Goofy throughout his lifetime as Christmas presents, birthday presents, etc. The second nephew, Dewey, received Uncle Goofy’s automobile, which was worth $75,000, when he died. The third nephew, Louie, was the beneficiary of a $75,000 life insurance policy that Uncle Goofy had purchased for $45,000. Louie elected to receive the insurance proceeds in installments of $15,875 each year for the next five years, starting in 2021. Calculate the amount that Huey is required to include in gross income for 2021 Calculate the amount that Dewey is required to include in gross income for 2021 Calculate the amount that Louie is required to include in gross income for 2021