USA Distribution of S Corp retained earnings after change in shareholder percentages


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I understand that net income has to be reported as taxable income to each shareholder in proportion to their ownership percentage. However, what happens if some of that taxable income is retained and then distributed in the following year by which time ownership percentages have changed? For example, suppose Person A owned 100% of the stock in year 1 when net income was 10K. Person A reported and paid taxes on that 10K, but none of it was distributed in year 1. In year 2, Person A owned 50% and Person B 50%. If the 10K of retained earnings from year 1 are distributed in year 2, can Person A take 100% with the consent of Person B?
 
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