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Required information [The following information applies to the questions displayed below) Winkin, Blinkin, and Nod are equal shareholders in SleepEZ, an S corporation. In the

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Required information [The following information applies to the questions displayed below) Winkin, Blinkin, and Nod are equal shareholders in SleepEZ, an S corporation. In the conditions listed below, how income should each report from SleepEZ for 2021 under both the daily allocation and the specific identification all methods? Refer to the following table for the timing of Sleepez's income. Period January 1 through April 2 (92 days) April 3 through December 31 (273 days) January 1 through December 31, 2021 (365 days) Income $ 186,000 347,000 $ 533,000 (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 Period January 1 through April 2 (92 days) April 3 through December 31 (273 days) January 1 through December 31, 2021 (365 days) Income $ 186,000 347,000 $ 533,000 (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 Winkin Blinkin Nod b. On April 2, 2021, Blinkin sells his shares to Nod. Income Reported Daily Specific Allocation Identification Method Method Winkin Blinkin Nod c. On April 2, 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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