In the current year, Banana Inc., a calendar C corporation, has income from operations of $200,000 and operating deductions of $230,000. Banana Inc. also had $40,000 of dividends from a 22% stock ownership in a domestic corporation. Which of the following statements is correct with respect to Banana Inc. for the current year?

a. Banana Inc.'s dividends received deduction is $20,000.

b. Banana Inc.'s dividends received deduction is $26,000.

c. None of these answers are correct.

d. Banana Inc. is not allowed a dividends received deduction due to the taxable income limit.