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 $185,000 from January 1 to January 29 and a total of $730,000 from January 1 through December 31 (365 days)?

Multiple Choice

• None of the choices are correct.

• $185,000.

• $56,000.

• $46,250.

• $14,500.