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Assume Joe Harry sells his 2 5 % interest in Joe's S Corp., Inc. to Tyrone on January 2 9 . Using the daily allocation

Assume Joe Harry sells his 25% interest in Joe's S Corp., Inc. to Tyrone on January 29. Using the daily allocation method, how much income does Joe Harry report if Joe's S Corp., Inc. earned $200,000 from January 1 to January 29(29 days) and a total of $1,460,000 from January 1 through December 31(365 days)?
A) $29,000.
B) $50,000.
C) $112,000.
D) $200,000.
E) None of the choices are correct.

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