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Assume Joe Harry sells his 25% interest in Joe's S Corp, Inc. to Tyrone on...

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Accounting

Assume Joe Harry sells his 25% interest in Joe's S Corp, Inc. to Tyrone on January 28. Using the daily allocation method, how much income does Joe Harry report if Joe's S Corp, Inc. earned $200,000 from January 1 to January 28 and a total of $1,460,000 from January 1 through December 31(365 days)?

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