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6 Required information The following information applies to the questions displayed below) Riverbend Incorporated received a $402.500 dividend from stock it held in Hobble Corporation

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6 Required information The following information applies to the questions displayed below) Riverbend Incorporated received a $402.500 dividend from stock it held in Hobble Corporation Riverbend's taxable Income is $2,950 000 before deducting the dividends received decluction (DRD) a $64.500 NOL carryover and a $187.000 charitable contribution. Use Exhibit 16-6. (Round your tax rates to 1 decimal place. Leave no answer blonk Enter zero if applicable) a. What is Riverbend's deductible DRD assuming it owns 10 percent of Hobble Corporation? Answer is complete but not entirely correct. DRO $281.750

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