3. If an S corporation's beginning balance in OAA is $15,000, and the following transactions occur, what is the ending OAA balance? Depreciation recapture income $21,000 Payroll tax penalty 4,200 Tax-exempt interest income 5,300 Nontaxable life insurance proceeds 5,100 Life insurance premiums paid (nondeductible) 2,800 a. $1,300 b. $7,600 c. $23,300 d. $27,500 e. None of the above