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1 1 1 Part 2 of 3 Required information Problem 2 2 - 4 9 ( LO 2 2 - 3 ) ( Algo )
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Problem LO Algo
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Winkin, Blinkin, and Nod are equal shareholders in SleepEZ, an S corporation. In the conditions listed below, how much income should each report from SleepEZ for under both the daily allocation and the specific identification allocation: methods? Refer to the following table for the timing of SleepEZ's income.
tablePeriodIncomeJanuary through April days$
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