ABC was formed as a calendar-year S corporation with Alan, Brenda and Conner as equal shareholders. On May 1, 2017, ABC's S election was terminated after Conner sold his ABC shares (one-third of all shares) to his solely owned C corporation Conner, Inc. ABC reported businessincome for 2017 as follows (assume that there are 365 days in the year): 
If ABC uses the specific identification method to allocate income, how much will it allocate to the Scorporation short year and C corporation short year?
Definitions:
Stress
The body's response to any demand or challenge, which can be physical, mental, or emotional, and can have both positive and negative effects.
PTSD
Post-Traumatic Stress Disorder; a mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.
Traumatic Event
An emotionally distressing or life-threatening experience that can have lasting effects on an individual's mental and physical well-being.
Intense Response
A strong or extreme reaction to a particular stimulus or event.
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