If the beginning balance in Strauder, Inc.’s OAA is $5,700 and the following transactions occur, what is Strauder’s ending OAA balance?

Depreciation recapture income

$22,700

Payroll tax penalty

(4,200)

Tax exempt interest income

4,995

Nontaxable life insurance proceeds

50,000

Life insurance premiums paid

 

(nondeductible)

(3,333)