Help with part C?

Problem 12-33 (LO. 7) In each of the following independent situations, determine the dividends received deduction for the calendar year C corporation. The corporate shareholders own less than 20% of the stock in the corporations paying the dividends. Cherry Almond Banana Corporation Corporation Corporation Income from operations $700,000 $800,000 $900,000 (860,000) Expenses from operations (600,000) (910,000) Qualifying dividends 100,000 100,000 100,000 Click here to view the dividend received deduction table. a. The dividends received deduction for Almond Corporation is $ 50,000 b. The dividends received deduction for Banana Corporation is $ 50,000 65,000 X. The dividends received deduction for Cherry Corporation is C. Feedback EXHIBIT 12.4 Dividends Received Deduction Percentage of Ownership by Corporate Shareholder Deduction Percentage Less than 20% 50% 20% or more (but less than 80%) 65% 80% or more* 100% The payor corporation must be a member of an affiliated group with the recipient corporation. Problem 12-33 (LO. 7) In each of the following independent situations, determine the dividends received deduction for the calendar year C corporation. The corporate shareholders own less than 20% of the stock in the corporations paying the dividends. Cherry Almond Banana Corporation Corporation Corporation Income from operations $700,000 $800,000 $900,000 (860,000) Expenses from operations (600,000) (910,000) Qualifying dividends 100,000 100,000 100,000 Click here to view the dividend received deduction table. a. The dividends received deduction for Almond Corporation is $ 50,000 b. The dividends received deduction for Banana Corporation is $ 50,000 65,000 X. The dividends received deduction for Cherry Corporation is C. Feedback EXHIBIT 12.4 Dividends Received Deduction Percentage of Ownership by Corporate Shareholder Deduction Percentage Less than 20% 50% 20% or more (but less than 80%) 65% 80% or more* 100% The payor corporation must be a member of an affiliated group with the recipient corporation