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Business, 24.08.2021 15:50 kfull7053

If an S corporation's beginning balance in OAA is zero, and the following transactions occur, what is the ending OAA balance? Depreciation recapture income $21,000 Payroll tax penalty 4,200 Tax-exempt interest income 5,300 Nontaxable life insurance proceeds 5,100 Life insurance premiums paid (nondeductible) 2,800 ​ A) $1,300
B) $7,600
C) $23,300
D) $27,500
E) None of the above

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