a. What amount of ordinary income and separately stated items are allocated to them for year 1 based on the information above? Assume that Falcons Corporation has $200,000 of qualified property (unadjusted basis). a. What amount of ordinary income and separately stated items are allocated to them for year 1 based on the information above? Assume that Falcons Corporation has $200,000 of qualified property (unadjusted basis). b. Complete Falcons's Form 1120-S, Schedule K, for year 1. Note: Use 2022 tax rules regardless of year on tax form. Input all values as positive numbers. Prepare Form 1120-S. Complete Falcons's Form 1120-S, Schedule K, for year 1