Please help with these taxation questions. I got part 1 but i am not sure if I did it right. Can you please help.

Jack and Jill are owners of UpAHiII, an S corporation. They own 25 and 75 percent, respectively. UpAHill Corporation (an s corporation) Income statement December 31, Year 1 and Year 2 Year 1 Year 2 Sales revenue $175,000 $310,000 Cost of goods sold (60,000) (85,000) Salary to owners Jack and Jill (40,000) (50,000) Employee wages (15,000) (20,000) Depreciation expense (10,000) (15,000) Miscellaneous expenses (7,500) (9,000) Interest income (related to business) 2,000 2,500 Qualified dividend income 500 1,000 Overall net income $ 45,000 $134,500 \\ a. What amount of ordinary income and separately stated items are allocated to them for years 1 and 2 based on the information above? Assume that UpAHiII Corporation has $100,000 of qualied property (unadjusted basis) in both years. Ordinaryincome 10,625 $ 32,750 31,875 98,250 Qualied business income 625 $ 875 1,875 2,625 Dividend income 125 m 750 Assume Jack and Jill, 25 and 75 percent shareholders, respectively, in UpAHiII Corporation, have tax bases in their shares at the beginning of year 1 of $24,000 and $56,000, respectively. Also assume no distributions were made. Given the income statement above, what are their tax bases in their shares at the end of year 1? UpAEill Corporation (an S Corporation) Income Statement December 31, year 1 and year 2 Year 1 Year 2 Sales revenue $175,000 $310,000 Cost of goods sold (60,000) (85,000) Salary to owners Jack and Jill (40,000) (50,000) Employee wages (15,000) (20,000) Depreciation expense (10,000) (15,000) Miscellaneous expenses (7,500) (9,000) Interest income(related to business) 2,000 2,500 Qualified dividend income 500 1,000 Overall net income $ 45,000 $134,500 [ Jack Jm