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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

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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 2018 under both the daily allocation and the specific identification allocation method? Refer to the following table for the timing of SleepEZ's income. Period Danuary 1 through March 8 (67 days) March 9 through December 31 (298 days) Danuary 1 through December 31, 2018 (365 days) Income $ 161,000 418,000 $579,000 (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) c. On March 8, 2018, Winkin and Nod each sell their shares to Blinkin. Answer is complete but not entirely correct. Answer is complete but not entirely correct Income Reported Daily Method 35427S 53,667 0 Specific Allocation ldentification Method Winkin Nod Blinkin $ 579,000 471,667 $ 35,427 s 53,667

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