Exercise $12-14($Algorithmic$)($L$0.6)$

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

$$164,000$

Tax$-$exempt interest

Charitable contributions

Dion's Schedule K$-1$ Totals

Ordinary income

$1,640$

$8,200$