North Corporation purchases 50 shares (less than 1%) of Fish Corporation common stock on April 3. The ex-dividend date is April 4. North Corporation pays $50,000 for the stock and receives a dividend of $5,000 on the Fish stock. On May 1, North Corporation sells the Fish stock for $45,000. North's taxable income before the dividends-received deduction is $4,000. North's dividends-received deduction is $3,500 $3,200. $0. $2,800