Required information $[$The following information applies to the questions displayed below.$]$ Megamart provides the following information on its two investment centers. $[[$Investment Center,Sales,Income,Average Assets$],[$Electronics$,40,000,000,2,880,000,16,000,000$ Required information $[$The following information applies to the questions displayed below.$]$ Megamart provides the following information on its two investment centers. $[[$Investment Center,Sales,Income,Average Assets$],[$Electronics$,40,000,000,2,880,000,16,000,000$Required information

$[$The following information applies to the questions displayed below.$]$

Jack and Jill are owners of UpAHill, an S Corporation. They own $25$ and $75$ percent, respectively.

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 UpAHill Corporation has $$100,000$ of qualified property $($unadjusted basis$)$ in both years.