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ne roowing normation appmes to the questors displayed Dow Winkin, Blinkin, and Nod are equal shareholders in SleepEZ, an S corporation. In the conditions listed
ne roowing normation appmes to the questors displayed Dow 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 2022 under both the daily allocation and the specific identification allocation methods? Refer to the following table for the timing of SleepEZ's income. Period January 1 through April 30 (120 days) May 1 through December 31 (245 days) January 1 through December 31, 2022 (365 days) Income $176,000 440,000 $ 616,000 Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. a. There are no sales of SleepEZ stock during the year. Answer is not complete. Income Reported Daily Allocation Method Specific Identification Method Winkin Blinkin $ 67,082 $ 479,802 Nod $ 56,918
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