Crane and Loon corporations, two unrelated C corporations, have the following transactions for the current year. Crane Loon $385,600 Gross income from operations Expenses from operations Dividends received from domestic corporations (15% ownership) $241,000 337,400 404,880 289,200 144,600 Click here to access the dividends received deduction table. a. Compute the dividends received deduction for Crane Corporation. S 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