Question: In 2 0 2 4 , ST Inc. received $ 3 5 0 , 0 0 0 in dividends from Hawkins Laboratories Inc. ST '

In 2024, ST Inc. received $350,000 in dividends from Hawkins Laboratories Inc. ST's taxable income before the dividends received deduction (but including the dividend income) and before a $50,000 charitable contribution is $300,000. DH also had tax exempt interest income $5,000, and nondeductible fines of $10,000.
a. Assuming there are no book-tax differences but those stated above, what is STs book income for 2022?
b. What is ST's DRD assuming it owns 15% of the Hawking Laboratories Inc. stock, as well as its taxable income for 2024?(25 points)
c. Using your answers from 1 and 2 above, complete STs Schedule M-1 for 2024.

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