For each of the following items considered independently, indicate whether the circumstances call for an addition modification (A), a subtraction modification (S), or no modification (N) in computing state taxable income. Then indicate the amount of any modification. The starting point in computing State Q taxable income is the years Federal taxable income, before any deduction for net operating losses.

g.Interest income from holding Q revenue anticipation bonds = $3,000.

h.Interest income from State P school district bonds = $10,000.

i.Change in the excess of FIFO inventory valuation over the Federal LIFO amount = $6,000. Q does not allow the LIFO method.

j.An asset was sold for $18,000; its purchase price was $20,000. Accumulated Federal cost recovery = $15,000, and accumulated Q cost recovery = $8,000.

k.Dividend income received from State R corporation = $30,000, subject to a Federal dividends received deduction of 70%.