a. During 2023, Fraxinia Corporation has the following income and expenses: Line Item Description Amount Gross income from operations, excluding dividends $90,000 Expenses from operations 100,000 Dividends received from a 25 percent-owned domestic corporation $70,000 Below is the Dividends Received Deduction table to use for this problem. Percent Ownership 2023 Dividends Received Percentage Less than 20 percent 50% 20 percent or more, but less than 80 percent 65% 80 percent or more 100% Calculate the amount of Fraxinia Corporation's dividends received deduction