Julio and Milania are owners of Falcons Corporation, an S corporation. They each own 50 percent of Falcons Corporation. In year 1, Julio and Milania received distributions of $20,000 and $10,000. respectively, from Falcons Corporation. What amount of ordinary income and separately stated items are allocated to them for year 1 based on the information above? Complete Falcons' Form 1120S. Schedule K for year 1. Complete Julio's 1120S, Schedule K-1 for year 1