Crane and Loon corporations, two unrelated C corporations, have the following transactions for the current year: Crane Loon
Gross income from operations $198,500 $317,600
Expenses from operations 410,900 493,080
Dividends received from domestic corporations (15% ownership) 176,100 352,200

Requried:

a. Compute the dividends received deduction for Crane Corporation.
b. Compute the dividends received deduction for Loon Corporation.