Assume the following year 2 income statement for Johnstone Corporation, which was a C corporation in year 1 and elected to be taxed as an S corporation beginning in year 2. Johnstone's earnings and profits at the end of year 1 were $12,470. Marcus is Johnstone's sole shareholder, and he has a stock basis of $49,500 at the end of year 1. Johnstone Corporation Income Statement December 31, Year 2 Year 2 (S Corporation) Sales revenue $ 188,000 Cost of goods sold (44,500) Salary to owners (69,500) Employee wages (60,000) Depreciation expense (13,500) Miscellaneous expenses (4,950) Interest income 13,730 Overall net income $ 9,280 What is Johnstone's accumulated adjustments account at the end of year 2, and what amount of dividend income does Marcus recognize on the year 2 distribution in each of the following alternative scenarios? Note: Leave no answer blank. Enter zero if applicable. b. Johnstone distributed $11,900 to Marcus in year 2.