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Check my work Required information [The following information applies to the questions displayed below.) Part 2 of 3 Winkin, Blinkin, and Nod are equal shareholders
Check my work Required information [The following information applies to the questions displayed below.) Part 2 of 3 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 2019 under both the daily allocation and the specific identification allocation method? Refer to the following table for the timing of SleepEZ's income. 10 points Period January 1 through April i (91 days) April 2 through December 31 (274 days) January 1 through December 31, 2019 (365 days) Income $ 188,000 361,000 $ 549,000 eBook Hint Print (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) References b. On April 1, 2019, Blinkin sells his shares to Nod. Income Reported Daily Specific Allocation Identification Method Method Winkin Blinkin Nod Check my w Required information [The following information applies to the questions displayed below.) Part 3 of 3 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 2019 under both the daily allocation and the specific identification allocation method? Refer to the following table for the timing of SleepEZ's income. points Period January 1 through April i (91 days) April 2 through December 31 (274 days) January 1 through December 31, 2019 (365 days) Income $ 188,000 361,000 $ 549,000 eBook Hint (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Print References c. On April 1, 2019, Winkin and Nod each sell their shares to Blinkin. Income Reported Daily Specific Allocation Identification Method Method Winkin Nod Blinkin
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