Question: Please help me solve this question Exercise 17-24 (Algorithmic) (LO. 2) Crane and Loon Corporations, two unrelated C corporations, have the following transactions for the

Please help me solve this question Exercise 17-24 (Algorithmic) (LO. 2) CranePlease help me solve this question

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 $256,000 $409,600 Expenses from operations 358,400 430,080 Dividends received from domestic corporations (15% ownership) 153,600 307,200 Click here to access the dividends received deduction table. a. Compute the dividends received deduction for Crane Corporation. $ b. Compute the dividends received deduction for Loon Corporation. $

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