CCD was formed as a calendar-year S corporation with Bryan,…
CCD was formed as a calendar-year S corporation with Bryan, Susan, and Beth as equal 1/3 shareholders. On May 17th, Bryan sold his shares to Susan. CCD reported the following business income for the year: Period Income January 1 – May 17 (137 days) $125,000 May 18 – December 31 (228 days) $200,000 How much income is allocated to Susan if CCD uses the default daily method of allocating income? Round your answer to the nearest whole number.