Dividends-Received Deduction. K Corporation has the following items of revenue and expense for the current year: Sales revenue, net of returns.. Cost of sales... $100,000 30,000 40,000 20,000 ses... a. What is K Corporation's dividends-received deduction for the current year? b. Assuming that K Corporation's operating expenses were $82,000 instead of $40,000, what is its dividends-received deduction for the current year