(The following information applies to the questions displayed below. Assume the following year 2 income statement for Johnstone Corporation, which was a C corporation in year 1 and elected to be taxed as an S corporation beginning in year 2. Johnstone's earnings and profits at the end of year 1 were $12,080. Marcus is Johnstone's sole shareholder, and he has a stock basis of $48,000 at the end of year 1. Johnstone Corporation Income Statement December 31, Year 2 Year 2 (S Corporation) Sales revenue $ 182,000 Cost of goods sold (43, 000) Salary to owners (68,000) Employee wages (58,500) Depreciation expense (12,000) Miscellaneous expenses (4,800) Interest income 13, 220 Overall net income 8,920 What is Johnstone's accumulated adjustments account at the end of year 2, and what amount of dividend income does Marcus recognize on the year 2 distribution in each of the following alternative scenarios? (Leave no answer blank. Enter zero if applicable.) a. Johnstone distributed $7,600 to Marcus in year 2. Answer is not complete. Accumulated adjustments account Dividend income