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

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The beginning balance in Swan, Inc.'s OAA is $6,700, and the following transactions occur. Depreciation recapture income $21,600 Payroll tax penalty (4,200) Tax exempt interest

The beginning balance in Swan, Inc.'s OAA is $6,700, and the following transactions occur.

Depreciation recapture income	$21,600
Payroll tax penalty	(4,200)
Tax exempt interest income	4,012
Nontaxable life insurance proceeds	100,000
Life insurance premiums paid (nondeductible)	(3,007)

What is Swan's ending OAA balance? $---------------

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