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 2019 under both the daily allocation and the specific identification allocation method? Refer to the following table for the timing of SleepEZ’s income.

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

b. On March 15, 2019, Blinkin sells his shares to Nod.

c. On March 15, 2019, Winkin and Nod each sell their shares to Blinkin.

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Period January 1 through March 15 (74 days) March 16 through December 31 (291 days) Period January 1 through December 31, 2019 (365 days) Income $125,000 345,500 Income $470,500