Answer:
income = $215970.5
Explanation:
given data
Wallace own = 100 share
time = 273 days ( 1 january to 30 september )
Wallace remaining share = 100 - 40 - 25 = 35 share
time remaining = 92 days ( 365 - 273 )
brother share = 25
time = 92 days ( 1 october to 31 december )
daughter share = 40
time = 92 days ( 1 october to 31 december )
ordinary income = $216000
to find out
income
solution
we find first ordinary income per share that will be
ordinary income per share = income / total share
ordinary income per share = 216000 / 100
ordinary income per share = $2160
and
ordinary income per share will be = 2160 / 365 = 5.917 per share per day
so
income of Wallace is
share ×time period × per share per day
= 100×273 × 5.917 = $161534.1 .....................1
= 35×92 × 5.917 = $19052.74 .....................2
income of brother
share ×time period × per share per day
= 25×92 × 5.917 = $13609.1 .....................3
income of daughter
share ×time period × per share per day
= 40×92 × 5.917 = $21774.56 .....................4
so now income will be by adding equation 1, 2 , 3 and 4
income = 161534.1 + 19052.74 + 13609.1 + 21774.56
income = $215970.5
