Olive Corporation was formed and began operations on January 1, 2019. Olive Corporation is an S corporation which is owned 50 percent by Linda Holiday and 50 percent by Ralph Winston. The corporation's income statement for the year and the balance sheet at year-end are presented below.

The Olive Corporation Income Statement for the Year Ended December 31, 2019
Gross income from operations			$270,000
Qualified dividends received from a 35 percent- owned domestic corporation			20,000
Total gross income			$290,000
Cost of goods sold			(110,000)
Total income			$180,000
Other expenses:
Compensation of officers	$77,000
Salaries and wages	30,000
Bad debts (direct charge-offs)	9,000
Repairs	3,000
Depreciation for book and tax purposes	10,000
Advertising	2,000
Payroll taxes	16,000
Total other expenses			(147,000)
Net income (before federal income tax expense)			$33,000
The Olive Corporation Balance Sheet as of December 31, 2019
Assets:
Cash	$30,000
Accounts receivable	20,000
Inventory (at cost)	70,000
Equipment	90,000
Less: accumulated depreciation	(10,000)
Total assets			$200,000
Liabilities and owners' equity:
Accounts payable	$2,000
Note payable (due in 10 years)	85,000
Common stock	80,000
Retained earnings	33,000
Total liabilities and owners' equity			$200,000

The corporation is not subject to any special taxes and no wages are included in cost of goods sold and no estimated tax payments are made. Assume there were no cash distributions during the year.

Question:

1. Investment income: $______________ 2. V-Section 199A income: $______________ 3. W-Section 199A W-2 wages: $______________ 4. X-Section 199A Unadjusted basis in equipment: $______________