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Dion, an S shareholder, owned 20% of MeadowBrook's stock for 292 days and 25% for the remaining 73 days in the year. Using the required

Dion, an S shareholder, owned 20% of MeadowBrook's stock for 292 days and 25% for the remaining 73 days in the year.

Using the required per-day allocation method, compute Dion's share of the following S corporation items.

Assume 365 days in a year.

Schedule K Totals Dion's Schedule K1 Totals
Ordinary income $224,000
Tax-exempt interest 2,240
Charitable contributions 11,200

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