EIDL Grant - 1120

I have only two 1120 filings to prepare. Where on the 1120 do we report the EIDL Grant Funds ($8,000) received in 2020? My understanding is these funds are not taxable to the C Corp. ty

I'm entering as M-1 Adjustments in the 1120S as a Permanent Income Item....not sure where that goes on 1120 since I only do a couple and they're not up yet.

Wouldn't the grant funds be reported on line 7 of the Sch. M-1 as nontaxable income?

M-1 line 7 seems right Dave, ty and ty JR1