Problem 17-43 (LO. 2) In each of the following independent situations, determine the dividends received deduction for the calendar year C corporation. Assume that none of the corporate shareholders owns 20% or more of the stock in the corporations paying the dividends. Income from operations Expenses from operation Qualifying dividends Almond Corporation Banana Corporation Cherry Corporation $700,000 $800,000 $900,000 (600,000) (860,000) (910,000) 100,000 100,000 100,000 Click here to view the dividend received deduction table. a. The dividends received deduction for Almond Corporation is 63,000 X b. The dividends received deduction for Banana Corporation is 70,000 X C. The dividends received deduction for Cherry Corporation is 63,000 X