Using the categories in the following legend, classify each transaction as a plus (+) or minus (-) on Schedule M-2 of Form 1120S. An answer might look like one of these: "+ AAA" or "- OAA.

AAA = Accumulated adjustments account

OAA = Other adjustments account

NA = No direct effect on Schedule M-2

a. Receipt of tax-exempt interest income

b. Administrative expenses (such as unreasonable compensation)

c. Depreciation recapture income

d. Nontaxable life insurance proceeds

e. Expenses related to tax-exempt securities

f. Charitable contributions

g. Business gifts in excess of $25

h. Nondeductible fines and penalties