This year, GHJ Inc. received the following dividends:
BP Inc. (a taxable California corporation in
which GHJ holds a 2% stock interest) ……………….. $17,300
MN Inc. (a taxable Florida corporation in
which GHJ holds a 52% stock interest) ……………….. 80,800
AB Inc. (a taxable French corporation in
which GHJ holds a 21% stock interest) ……………….. 17,300
Compute GHJ’s dividends-received deduction.