Complete Jills 1120S, Schedule K-1, for year 1.

b. Complete UpAHills Form 1120S, Schedule K, for year 1. (Form from year 2018)

c. Complete Jills 1120S, Schedule K-1, for year 1. (Form from year 2018)

UPAHill Corporation (an s corporation) Income Statement December 31, Year 1 and Year 2 Year 1 Sales revenue $175,000 Cost of goods sold (60,000) Salary to owners Jack and Jill (40,000) Employee wages (15,000) Depreciation expense (10,000) Miscellaneous expenses (7,500) Interest income (related to business) 2,000 Qualified dividend income Overall net income $ 45,000 Year 2 $310,000 (85,000) (50,000) (20,000) (15,000) (9,000) 2,500 1,000 $134,500 500