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 2016 under both the daily allocation and the specific identification allocation method? Refer to the following table for the timing of SleepEZs income

Period Income

January 1 through April 18 (109 days) 142,000

April 19 through December 31 (257 days) 423,000

January 1 through December 31, 2016 (366 days) $565,000

a. There are no sales of SleepEZ stock during the year.

Daily Allocation Method

1) Winkin

2) Blinkin

3) Nod

Specific Identification Method

1) Winkin

2) Blinkin

3) Nod

b. On April 18, 2016, Blinkin sells his shares to Nod.

Daily Allocation Method

1) Winkin

2) Blinkin

3) Nod

Specific Identification Method

1) Winkin

2) Blinkin

3) Nod

c. On April 18, 2016, Winkin and Nod each sell their shares to Blinkin.

Daily Allocation Method

1) Winkin

2) Blinkin

3) Nod

Specific Identification Method

1) Winkin

2) Blinkin

3) Nod