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Please show work as soon as possible. Thank you. Winkin, Blinkin, and Nod are equal shareholders in SleepEZ, an s corporation. In the conditions listed

Please show work as soon as possible. Thank you.

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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 2021 under both the daily allocation and the specific identification allocation methods? Refer to the following table for the timing of SleepEZs income. Period January 1 through April 3 (93 days) April 4 through December 31 (272 days) January 1 through December 31, 2021 (365 days) Income $ 180,000 393,000 $ 573,000 (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. Income Reported Daily Specific Allocation Identification Method Method $ 191,000 $ 191,000 Winkin Blinkin Nod b. On April 3, 2021, Blinkin sells his shares to Nod. Income Reported Daily Specific Allocation Identification Method Method Winkin Blinkin Nod c. On April 3, 2021, Winkin and Nod each sell their shares to Blinkin. Income Reported Daily Specific Allocation Identification Method Method Winkin Nod Blinkin

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