Walnut Corporation owns 6 percent of Teak Corporation, a domestic corporation. During the current year, Walnut Corporation received $20,000 in dividends from Teak Corporation. Assuming that Walnut’s taxable income for the current year before the dividends received deduction is $500,000, what is the amount of Walnut’s dividends received deduction for the current year? 

a. $10,000 

b. $13,000 

c. $16,000 

d. $20,000 

e. None of the above