In the current year, Parvifolia, Inc. had $400,000 of revenue from operations and $160,000 of dividends from nonaffiliated 15-percent-owned domestic corporations. The corporation's deductible operating expenses totaled $410,000. What is Parvifolia, Inc.'s dividends received deduction for the current year?

a. $75,000

b. $160,000

c. $120,000

d. 80,000

e. None of these choices are correct.