20. LO.5 Schedule M-1 of Form 1120 is used to reconcile financial net income with taxable income reported on the corporation's income tax return as follows: Net income per books + Additions - Subtractions = Taxable income. Classify the following items as additions or subtractions in the Schedule M-1 reconciliation. a. Life insurance proceeds received upon death of covered executive. b. Tax depreciation in excess of book depreciation. c. Federal income tax per books. d. Capital loss in excess of capital gain. e. Charitable contributions in excess of taxable income limitation. f. Premiums paid on life insurance policies covering executives (corporation is beneficiary)