. LO.3 In each of the following independent situations, determine he ol received deduction. Assume that none of the corporate shareholders owns 20% or more of the stock in the corporations paying the dividends. Almond Corporation $700,000 (600,000) 100,000 Cherry Corporation $900,000 (910,000) 100,000 Blond Corporation Income from operations Expenses from operation Qualifying dividends 800,000 (850,000) 100,000