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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 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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