dividends$-$received deduction. K Corporation has the following items of revenue and expense for the current year:

sales revenue,net of returns $-$ $$100,000$

cost of sales$-30,000$

operating expenses $-40,000$

dividends$($ from less than $20\%$ owned corporation $-20,000$

a$.$ what is K corporations dividends$-$received deduction for the current year?

b$.$ assuming that K corporation operating expenses were $$72,000$ instead of $$40,000,$ compute its dividends$-$received deduction for the current year.