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