“I would” said the squirrel, gulping them down.
or
“I would.” said the squirrel, gulping them down.
or
“I would.” said the squirrel gulping them down.
or
“I would” said the squirrel gulping them down.
If I remember correctly the only punctuation mark outside the quotes is a full stop. All others go before the last pair of quotes. Mind you, I'm going back 60 years.
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