EXHIBIT 16-7 Stock Ownership and Dividends-Received Deduction Percentage Required information [The following information applies to the questions displayed below.] Riverbend Incorporated received a \$282,500 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,330,000 before deducting the dividends-received deduction (DRD), a $69,000NOL carryover, and a $101,000 charitable contribution. Use Exhibit 16-7. Note: Round your tax rates to 2 decimal places. Leave no answer blank. Enter zero if applicable. a. What is Riverbend's deductible DRD assuming it owns 10 percent of Hobble Corporation? DRD