Taxable income is being adjusted to arrive at current E&P for 2020. Classify each item below as to its effect. Choices for the following statements below: (no effect, decrease, or increase)

1. Gain on installment sale in 2020 deferred until 2021___________
2. Interest received from municipal bonds in 2020__________
3. Meal and entertainment expenses not deducted in 2020 because of the 50% limitation___________
4. Dividends received deduction in 2020___________
5. Premiums paid on key employee life insurance policy in 2020 ___________
6. Section 179 expense elected in 2019_____________