In each of the following independent situations, determine the dividends received deduction for 2018.

Assume that Oak Corporation owns 25%, Elm owns 15% and Mahogany owns 80% of the stock in the corporations paying the dividends.

	Oak Corporation	Elm Corporation	Mahogany Corporation
Income from operations	$650,000	$900,000	$825,000
Expenses from operations	(525,000)	(850,000)	(800,000)
Qualifying dividends	100,000	100,000	100,000

a. The dividends received deduction for Oak Corporation is $

b. The dividends received deduction for Elm Corporation is $

c. The dividends received deductino for Mahogany Corporation is $