Jack and Jill are owners of UpAHill, an S corporation. They own 25 and 75 percent, respectively. UpAHill Corporation (an S corporation) Income Statement

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

Required:
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.