Crane and Loon corporations, two unrelated C corporations, have the following transactions for the current year. Crane Loon $226,000 Gross income from operations Expenses from operations Dividends received from domestic corporations (15% ownership) $361,600 379,680 316,400 135,600 271,200 Click here to access the dividends received deduction table. a. Compute the dividends received deduction for Crane Corporation. b. Compute the dividends received deduction for Loon Corporation. EXHIBIT 17.2 Dividends Received Deduction Percentage of Ownership by Corporate Shareholder Less than 20% 20% or more (but less than 80%) 80% or more* Deduction Percentage 50% 65% 100% *The payor corporation must be a member of an affiliated group with the recipient corporation