Check my work mode: This shows what is correct or incorrect for the work you have completed 16 Part 3 of 6 Required information The following formation applies to the questions displayed below) Riverbend Incorporated received a $102,500 dividend from stock it held in Hobble Corporation Riverbend's taxable income is $2,950,000 before deducting the dividends-received deduction (DRD), a $64,500 NOL carryover and a $187.000 charitable contribution Use Exhibit 16 6. (Round your tax rates to 1 decimal place. Leave no answer blank Enter zero if applicable) 0.44 points c. What is Riverbend's DRD assuming it owns 37 percent of Hobble Corporation? Answer is complete but not entirely correct. DRD $29,500 000