Adam Ant, Inc., a C corporation for tax purposes had taxable net income before the Dividend Received Deduction of $300,000. (The gross dividends were included in the revenues used in the revenues used in computing the net income.) During 2016, the corporation received two dividends; the first from its 40% owned interest in Bono Corporation from which it received $50,000 and the second from its 14% interest in Cher Corporation of $120,000. Compute the DAD for Adam Ant. Adam Ant, Inc., a C corporation for tax purposes had taxable net income before the Dividend Received Deduction of $300,000. (The gross dividends were included in the revenues used in the revenues used in computing the net income.) During 2016, the corporation received two dividends; the first from its 40% owned interest in Bono Corporation from which it received $50,000 and the second from its 14% interest in Cher Corporation of $120,000. Compute the DAD for Adam Ant