Use the following information to complete problems 52 and 53: 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 I based on the information above? Complete falcons' Form 1120S. Schedule K for year 1 Complete Julio's 1120S. Schedule K-l for year 1. In year 2, Julio and Milania received distributions of $20,000 and $30,000. respectively, from Falcons Corporation. What amount of ordinary income and separately stated items are allocated to them for year 2 based on the information above? Complete Falcons Form 1120S. Schedule K for year 2. Complete Milania's II20S. Schedule K-1 for year 2. Use the following information to complete problems 52 and 53: 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 I based on the information above? Complete falcons' Form 1120S. Schedule K for year 1 Complete Julio's 1120S. Schedule K-l for year 1. In year 2, Julio and Milania received distributions of $20,000 and $30,000. respectively, from Falcons Corporation. What amount of ordinary income and separately stated items are allocated to them for year 2 based on the information above? Complete Falcons Form 1120S. Schedule K for year 2. Complete Milania's II20S. Schedule K-1 for year 2