Exercise 17-24 (Algorithmic) (LO. 2) Crane and Loon corporations, two unrelated C corporations, have the following transactions for the current year. Crane Loon Gross income from operations $223,500 $357,600 Expenses from operations 312,900 375,480 Dividends received from domestic corporations (15% ownership) 134,100 268,200 Click here to access the dividends received deduction table. a. Compute the dividends received deduction for Crane Corporation. 93,870 X b. Compute the dividends received deduction for Loon Corporation. 175,224 x