Question: PLEASE HELP SOLVE THE RED X ' s in the chart below. Julio and Milania are owners of Falcons Corporation, an S corporation. Each owns

PLEASE HELP SOLVE THE RED X's in the chart below.
Julio and Milania are owners of Falcons Corporation, an S corporation. Each owns 50 percent of Falcons Corporation. In year 1, Julio and Milania each received distributions of $15,000 from Falcons Corporation.
a. What amount of ordinary income and separately stated items are allocated to them for year 1 based on the information above? Assume that Falcons Corporation has $200,000 of qualified property (unadjusted basis).
\table[[,,Amount,\table[[Allocated to],[Julio]],\table[[Allocated to],[Milania]]],[Ordinary Income,,$227,000x,$113,500x,$,113,500
 PLEASE HELP SOLVE THE RED X's in the chart below. Julio

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