15 Part 4 Required information {The following information apples to the questions displayed below] Assume the following year 2 income statement for Johnstone Corporation, which was a corporation in year 1 and elected to be loved an corporation beginning in year 2. Johnstone's earrings and profits at the end of year 1 were $12.990 Marcus is Johnstone's sole shareholder and he has a stock basis of $51.500 at the end of year 078 Jutsun Curporation Income Stuterene December 31, Year 2 Year 2 (s Corcoration) Sales Pue 510, Cost Of foods solo Salary to owners (7),sna) Employee wages [62,000) Depreciation ex (151) Miscellaneous expenses (5,150) Interest in 14,418 Overall net income What s Jonstones accumulated adjustments account at the end of year 2, and what amount of dividend Income does Marcus recognize on the year 2 distribution in cach of the following altemative scenarios? (Leave no answer blank, Enter zero if applicable) d. Johnstone distributed 528,300 to Marcus in year 2. Answer is complete but not entirely correct. Aumbled mes sont Dividend in s S 0 16.800