Jack and Jill are owners of UpAHill, an S Corporation. They own 25 and 75 percent, respectively Problem 11-50 Part b (Static) b. Complete UpAHill's Form 1120-S, Schedule K, for year 1. Jack and Jill are owners of UpAHill, an S Corporation. They own 25 and 75 percent, respectively Problem 11-50 Part b (Static) b. Complete UpAHill's Form 1120-S, Schedule K, for year 1