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 2021 under both the daily allocation and the specific identification allocation methods? Refer to the following table for the timing of SleepEZs income.

PeriodIncomeJanuary 1 through April 17 (107 days)$128,000April 18 through December 31 (258 days) 406,000January 1 through December 31, 2021 (365 days)$534,000

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

income Reported Daily Allocation Method Specific Identification Method

Winkin

Blinkin

Nod