Exercise 22-15 (Algorithmic) (1.0.6) Noelle, the owner of all of the shares of ClockCo, an S corporation, transfers her stock to Grayson on April 1. ClockCo reports a $150,000 NOL for the entire tax year, but only $22,500 of the loss occurs during January-March. Assume 365 days in a year. Round per day computations to five decimal places. Round final answers to the nearest dollar. Without a short-year election, how much of the loss is allocated to Noelle and how much is allocated to Grayson? Noelle's loss allocation: Grayson's loss allocation: 36,860 X 113,014 X If the corporation makes the short-year election, how much of the loss is allocated to Grayson? 127,500 V Feedback Check My Work If a shareholder's interest is completely terminated by disposition or death during the tax year, all shareholders holding stock during the year and the corporation may elect to treat the S taxable year as two taxable years,