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LJ received a $ 5 6 , 4 0 0 distribution from NeatCo, a U . S . C corporation. NeatCo s earnings and profits

LJ received a $

56, 400

distribution from NeatCo, a U

.

.

C corporation. NeatCo

s earnings and profits for the year totaled $

33, 840 .

How much dividend income does LJ recognize?

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