Please show solutions

Kaspar and Ludger, two unrelated calendar year corporations, have the following transactions for 2018: Kaspar Ludger Corporation Corporation $300,000 Gross income from operations $180,000 Expenses from operations $255,000 $310,000 Dividends received from domestic corporations (15% ownership) $100,000 $230,000 Taxable income before the dividends received $25,000 $220,000 deduction Determine the dividends received deduction for both companies. Click here to access the dividends received deduction table Kaspar: $ Ludger: $ Dividends Received Deduction Exhibit 17.2 Percentage of Ownership by Corporate Shareholder Deduction Percentage Less than 20% 50% 20% or more (but less than 80%) 65% 100% 80% or more