Dividends Received Deduction In each of the following independent situations, determine the dividends received deduction for the calendar year C corporation. The corporate share-holders own less than 20% of the stock in the corporations paying the dividends ALMOND CORPORATION BANANA CORPORATION CHERRY CORPORATION Income from Operations $700,000 $800,000 $900,000 Expenses from Operations 600,000 860,000 910,000 Qualifying Dividends 100,000 100,000 100,000 BE SURE TO SUPPORT YOUR ANSWER