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North, Incorporated (C corporation) owns 25% of East, Incorporated's common stock. This year, North generated $50,000 net operating income excluding dividends and received $20,000 dividends

North, Incorporated (C corporation) owns 25% of East, Incorporated's common stock. This year, North generated $50,000 net operating income excluding dividends and received $20,000 dividends from East. 


What is North's taxable income for the current year?

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