What is Swan ending OAA balance

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Problem - If the beginning balance in Swan, Inc.'s OAA is $6,700 and the following transactions occur, what is Swan's ending OAA balance?

Depreciation recapture income $21,600

Payroll tax penalty (4,200)

Tax-exempt interest income 4,012

Nontaxable life insurance proceeds 100,000

Life insurance premiums paid (nondeductible) (3,007)

Reference no: EM132663500

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