Smith Corp. has made a valid S Corporation Election. In 2023 Smith had $365,000 of taxable income. This income was earned 100,000 for the first 6 months and $265,000 for the second 6 months. On 1/1/2023 Smith had the following shareholders with a total of 100 shares outstanding: Alice (50 shares), Betty (25 shares) and Carl (25 shares). On 7/1/2023 Alice sold 25 of her shares to David. (a) Please determine what the income allocation is for each shareholder if there is no consent to close the book? (b) Who would want a closing of the books election and why? (c) What would be necessary for there to be a closing of the books election? (d) What would the income allocation be if there was a closing of the books election