Assume the following year $2$ income statement for Johnstone Corporation, which was a 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 $$10,000.$ Marcus is

Johnstone's sole shareholder, and he has a stock basis of $$40,000$ at the end of year $1.$ 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?

a$)$ Johnstone distributed $$6,000$ to Marcus in year $2.$

b$)$ Johnstone distributed $$10,000$ to Marcus in year $2.$

c$)$ Johnstone distributed $$16,000$ to Marcus in year $2.$

d$)$ Johnstone distributed $$26,000$ to Marcus in year $2.$