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Current Attempt in Progress As of January 1 of this year, Helen owned all 1,000...

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Accounting

Current Attempt in Progress As of January 1 of this year, Helen owned all 1,000 shares of a calendar-year S corporation, Vaughn Inc. On October 31, the 304th day of this year, Helen sold 400 shares to Donald. Vaughn reported $130,000 in ordinary business income for the entire year and made no distributions. What amount of income should Vaughn report to Helen on her Schedule K-1? (Do not round intermediate calculations. Round answer to O decimal places, e.g. 125.) Helen's income $

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