LO.5 If the beginning balance in Swan, Inc.'s OAA is $6,700 and the following transactions occur, what is Swan's ending OAA balance? Depreciation recapture income Payroll tax penalty Tax-exempt interest income Nontaxable life insurance proceeds $ 21,600 (4,200) 4,012 Life insurance premiums paid (nondeductible) 100,000 (3,007)