Dion, a 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 $60,000 $ Tax-exempt interest $1,000 $ Charitable contributions $3,400 $
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Dion, a shareholder, owned 20% of MeadowBrook’s stock for 292 days and 25% for the remaining 73 days...
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