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The beginning balance in Swan, Inc.'s OAA is $6,700, and the following transactions occur. Depreciation recapture income Payroll tax penalty Tax exempt interest income $21,600

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The beginning balance in Swan, Inc.'s OAA is $6,700, and the following transactions occur. Depreciation recapture income Payroll tax penalty Tax exempt interest income $21,600 (4,200) 4,012 100,000 (3,007) Nontaxable life insurance proceeds Life insurance premiums paid (nondeductible) What is Swan's ending OAA balance

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