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Required information Problem 11-69 (LO 11-5) (Algo) (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 $13,250. Marcus is Johnstone's sole shareholder, and he has a stock basis of $52,500 at the end of year 1. Johnstone Corporation Income Statement December 31, Year 2 Year 2 (S Corporation) Sales revenue $ 200, 000 Cost of goods sold (47,500) Salary to owners (72,500) Employee wages (63, 090) Depreciation expense (16,500) Miscellaneous expenses (5, 250) Interest income 14,750 Overall net income $ 10, 090 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.) Problem 11-69 Part c (Algo) c. Johnstone distributed $18,500 to Marcus in year 2. Accumulated adjustments account Dividend income