Determine the dividends received deduction for each of the following independent situations. Assume the percentage of stock owned in the corporation paying the dividend is 40% for Anson Corporation and less than 20% for Sovell Corporation and Blanco Corporation. Sovell Blanco Anson Corporation Corporation Corporation Income from operations $8,000,000 $9,500,000 $1,000,000 Expenses of operations 7,500,000 12,000,000 800,000 Qualified dividends received 1,000,000 900,000 300,000 Enter all amounts as positive numbers. If your answer is zero enter "0". Sovell Blanco Anson Corporation Corporation Corporation Qualified dividends received $1,000,000 $900,000 $300,000 Applicable deduction 50% V 65% V 50% V percentage Amount of qualified dividends for 500,000 450,000 195,000 the dividends received eduction %24 Taxable income limitation Dividends received deduction 500,000 450,000