Required information

Problem $22-49($LO $22-3)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

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.

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

Problem $22-49$ Part b $($Algo$)$

b$.$ On February $28,2022,$ Blinkin sells his shares to Nod.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 February $28(58$ days$)$ $ $152,000$

February $29$ through December $31(307$ days$)418,000$

January $1$ through December $31,2022(365$ days$)$ $ $570,000$

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

Problem $22-49$ Part b $($Algo$)$

b$.$ On February $28,2022,$ Blinkin sells his shares to Nod.