Crane and Loon Corporation, two unrelated calendar year C Corporations, have the following transactions for the current year.

Crane

Gross income from operations $200,00

Expense from Operations 275,000

Dividends received from domestic corporations (18% owned) 100,000

Loon

Gross income from operations $400,000

Expense from Operations 410,000

Dividends received from domestic corporations (18% owned) 230,000

Compute and explain the dividends received deduction for Crane and Loon Corporations.