fullerton waste management purchased land and warehouse for $720,000. In addition to the purchase price, fullerton made the following expenditures related to the acquisition; broker's commission, $42,000; title insurance, assume that fullerton decides to use the warehouse rather than demolish it. An independent appraisal estimate

Roberto and reagan are both 25 percent owner/managers for bright light inc. roberto runs the retail store in sacramento, ca, and reagan runs the retail store in san francisco, ca. bright light inc. generated a $125,000 profit companywide made up of a $75,000 profit from the sacramento store, a ($25,000) loss from the san francisco store, and a combined $75,000 profit from the remaining stores. if bright light inc. is an s corporation, how much income will be allocated to roberto?