If someone could instruct me where I went and provide calculations I would honestly appreciate it. I got this question wrong, however I would like to learn from my mistake.

Coop Inc. owns 38% of Chicken Inc., both Coop and Chicken are corporations. Chicken pays Coop a dividend of $24,000 in the current year. Chicken also reports financial accounting earnings of $34,000 for that year. Assume Coop follows the general rule of accounting for investment in Chicken. What is the amount and nature of the book-tax difference to Coop associated with the dividend distribution (ignoring the dividends received deduction)? Multiple Choice $11,080 unfavorable. $11,080 favorable. $24,000 unfavorable. o $24,000 favorable. o None of the choices are correct