Use the following information to complete this problem: The ordinary income. Jack and Jill are owners of Hill Corp., an S Corporation. They each own 50% of Hill Corp. What is the amount of ordinary income for Hill Corp? Sales revenue Cost of goods sold Depreciation expense $350,000 (40,000) (20,000) Interest income (related to business income) 14,000 Section 179 expense Municipal bond interst income $158,500 $187,000 $305,500 $304,000 None of these answers is correct. (30,000) 1,500