len carries a $ 105000 insurance policy on his life. Premiums paid over the years total $ 11000. Dividends on the policy have totaled $ 3000. Glen has left the dividends on the policy with the insurance company. During the current year, the insurance company credited $ 1400 of interest on the accumulated dividends to Glen's account. Requirements How much income is Glen obligated to report in connection with the policy? Would it make any difference if the accumulated dividends equaled $ 12000 instead of $ 3000?