Jazz Corporation owns 10% of the Williams Corp. stock. Williams distributed a $27,000 dividend to Jazz Corporation. Jazz Corp.'s taxable income (loss) before the dividend was ($3,700). What is the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp.? Multiple Choice

1- $0.

2- $11,650.

3- $13,500.

4- $20,525.

5- None of the choices is correct.