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Marissa, an S shareholder, owned 40% of Samba Toure's stock for 110 days and 48% for the remaining 255 days in the year. Using the
Marissa, an S shareholder, owned 40% of Samba Toure's stock for 110 days and 48% for the remaining 255 days in the year. Using the per-day allocation method, compute Marissa's share of the following corporation items. Assume 365 days in a year. In your computations, round the per-day allocation to two decimal places and use in subsequent computations. Do not round other computations. If required, round your final answers to the nearest dollar. Schedule K Totals Marissa's Schedule K-1 Totals Ordinary income $1,040,000 474,126 x Tax-exempt interest $82,000 37,383 x Charitable contributions $18,000 8,206 x $ $ $
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