8. SM Corporation, a calendar year C corporation, has (1) gross income from operations $200,000, (2) expenses from operations $245,000, (3) dividends received from a less than 20% owned domestic corporation $100,000 and (4) taxable income before the dividends received (DRD) deduction $55,000. Determine SM's DRD deduction for the year. (20 Points)* $100,000 $55,000 $45,000 $27,500