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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 much income should each report from SleepEZ for 2019 under both the daily allocation and the specific identification (aka interim closing of the books) allocation method? Refer to the following table for the timing of SleepEZ's income. Period January 1 through May 18 (138 days) May 19 through December 31 (227 days) January 1 through December 31, 2019 (365 days) Income $ 133,000 363,000 $ 496,000 (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 May 18, 2019, Blinkin sells his shares to Nod. Income Reported Daily Specific Allocation Identification Method Method Winkin Blinkin Nod

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