n each of the following independent situations, determine the dividends received deduction for the calendar year C corporation.

Assume that Seafoam Corporation owns 40%, Oceanview owns 25% and Roughwaters owns 5% of the stock in the corporations paying the dividends.

	Seafoam Corporation	Oceanview Corporation	Roughwaters Corporation
Income from operations	$240,000	$480,000	$700,000
Expenses from operations	(265,000)	(485,000)	(680,000)
Qualifying dividends	100,000	100,000	100,000

Click here to view the dividend received deduction ownership percentages and corresponding deduction percentage.

a.	The dividends received deduction for Seafoam Corporation is	$.
b.	The dividends received deduction for Oceanview Corporation is	$.
c.	The dividends received deduction for Roughwaters Corporation is	$.