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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

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 2022 under both the daily allocation and the specific identification allocation methods? Refer to the following table for the timing of SleepEZ's income.

Period Income
January 1 through April 17 (107 days) $ 128,000
April 18 through December 31 (258 days) 406,000
January 1 through December 31, 2022 (365 days) $ 534,000

Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.

On April 17, 2022, Winkin and Nod each sells his shares to Blinkin.

image text in transcribed \begin{tabular}{|l|c|c|} \hline \multicolumn{3}{|c|}{ Income Reported } \\ \hline & DailyAllocationMethod & SpecificIdentificationMethod \\ \hline Winkin & & $2,667 \\ \hline Nod & & \\ \hline Blinkin & & \\ \hline \end{tabular}

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