Exercise 3-27 (LO. 2) Crane and Loon Corporations, two unrelated calendar year C corporations, have the following transactions for the current year. Gross income from operations Expenses from operations Dividends received from domestic corporations (15% ownership) Crane $180,000 255,000 100,000 Loon $300,000 310,000 230,000 Click here to access the dividends received deduction table a. Compute the dividends received deduction for Crane Corporation. 70,000X b. Compute the dividends received deduction for Loon Corporation. 154,000 X