Eagle Corporation, a calendar year C corporation, owns stock in Hawk Corporation and has taxable income of $100,000 for the year before considering the dividends received deduction. In the current year, Hawk Corporation pays Eagle a dividend of $130,000, which was considered in calculating the $100,000.

Determine the dividends received deduction Eagle may claim if it owns 15% of Hawks stock.

Determine the dividends received deduction if taxable income was $60,000 instead.