Crane and Loon corporations, two unrelated calendar year C corporations, have the following transactions for the current year: Crane Loon Gross income from operations $180,000 $300,000

Expenses from operations 255,000 310,000

Dividends received from domestic corporations (15% ownership) 100,000 230,000

a. Compute the dividends received deduction for Crane Corporation.

b. Compute the dividends received deduction for Loon Corporation.