In each of the following independent situations, determine the dividends received deduction for the calendar year C corporation. Assume that Seafoam Corporation owns 40%, Oceanview owns 25% and Roughwaters owns 5% of the stock in the corporations paying the dividends.

Seafoam Corporation Oceanview Corporation Roughwaters Corporation Income from operations $240,000 $480,000 $700,000 Expenses from operations (265,000) (485,000) (680,000) Qualifying dividends 100,000 100,000 100,000 Click here to view the dividend received deduction ownership percentages and corresponding deduction percentage.

a. The dividends received deduction for Seafoam Corporation is $ .

b. The dividends received deduction for Oceanview Corporation is $ .

c. The dividends received deduction for Roughwaters Corporation is $ .