Jack and jill are owners of upahill, an s corporation. they own 25 and 75 percent, respectively. upahill corporation (an s corporation) income statement december 31, year 1 and year 2 year 1 year 2 sales revenue $ 175,000 $ 310,000 cost of goods sold (60,000 ) (85,000 ) salary to owners jack and jill (40,000 ) (50,000 ) employee wages (15,000 ) (20,000 ) depreciation expense (10,000 ) (15,000 ) miscellaneous expenses (7,500 ) (9,000 ) interest income (related to business) 2,000 2,500 qualified dividend income 500 1,000 overall net income $ 45,000 $ 134,500 a. what amount of ordinary income and separately stated items are allocated to them for years 1 and 2 based on the information above? assume that upahill corporation has $100,000 of qualified property (unadjusted basis) in both years