Melon Corporation owns stock in Kiwi Corporation and has taxable income of $100,000 for the year before considering the dividends received deduction. Kiwi Corporation pays Melon Corporation a dividend of $120,000, which was considered in calculating Melon Corporation's income of $100,000. What amount of dividends received deduction may Melon Corporation claim if it owns 15% of Kiwi Corporation's stock?

a. $60,000

b. $0

c. $78,000

d. $50,000