Schedule M-1 of Form 1120 is used to reconcile financial net income with taxable income reported on the corporations income tax return as follows: net income per books + additions subtractions = taxable income. Which of the following items is an addition on Schedule M-1?

A. Tax depreciation in excess of book depreciation

B. Proceeds of life insurance paid on death of key employee.

C. Excess of capital losses over capital gains.

D. Interest income from municipal bonds