Dixie Inc., a Tennessee corporation, conducts business in South America through two foreign corporations, Dix-Col Inc. and Dix-Per Inc. Dixie formed Dix-Col six years ago and owns 100 percent of its stock. Dix-Per was formed six months ago and Dixie owns 50 percent of its stock. In addition, Dixie owns 7 percent of the stock of Albi, Inc., a french corporation. This year, Dixie recognized the following dividend distributions from the three foreign corporations.

Dix-Col Inc. .............................. $249,000
Dix-Per Inc. .............................   186,000
Albi Inc. ....................................    92,000

a. Compute Dixie’s allowable dividends-received deduction with respect to each dividend.

b. Compute Dixie’s net dividend income.