Question: Exercise 22-17 (Algorithmic) (LO. 6) Dion, an S shareholder, owned 20% of Meadowbrook's stock for 292 days and 25% for the remaining 73 days in

Exercise 22-17 (Algorithmic) (LO. 6) Dion, an S shareholder, owned 20% of Meadowbrook's stock for 292 days and 25% for the remaining 73 days in the year. Using the required per-day allocation method, compute Dion's share of the following S corporation items. Assume 365 days in a year. Do not round intermediate computations. Schedule K Totals Dion's Schedule K-1 Totals Ordinary income Tax-exempt interest Charitable contributions $80,000 800 4,000

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