At the beginning of the year, the Accumulated Adjustments Account (AAA) of Gopher Corporation, an S corporation, has a balance of $1215000. Gophers other adjustments account (OAA) has balance of $72000. Gopher has two 50% shareholders. During the year, the following items occur:

operating income $480,000

interest income - corporate bonds 7000

tax-exempt interest income on california state bond 10000

long term capital gain from sale of hotel,inc. stock 28500

short term capital loss from sales of vacant land (3200)

premium expense on key officer's life insurance policy (4000)

nondeductible sales tax penalty paid to california (500)

charitable contribution to the american red cross (18000)

cash distribution to shareholders (300000)

Compute the AAA and OAA balance for Eagle, inc. at december 31, 2020?

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