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Assume Joe Harry sells his 25% interest in Joe's S Corp Inc. to Tyrone on January 29. Using ne daily allocation method, how much income

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Assume Joe Harry sells his 25% interest in Joe's S Corp Inc. to Tyrone on January 29. Using ne daily allocation method, how much income does Joe Harry report if Joe's S Corp, Inc. earned $260,000 from January 1 to January 29 and a total of $3,650,000 from January 1 through December 31 (365 days)? Multiple Choice $260,000 None of the choices are correct $72,500 $280,000

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