Dividends-Received Deduction. During 2018, X Corporation (a cash method calen- dar year taxpayer) has the following income and expenses: 180,000 182,000 Income from operations. Operating expenses... a. What is X Corporation's 2018 dividends received deduction'? b. Assume X Corporation's 2018 tax year has not yet closed. What would be the effect on the dividends received deduction if X accelerated to 2018 $16,000 of operating expenses planned for 2019