Problem 3-49 (LO. 2) In each of the following independent situations, determine the dividends received deduction for the calendar year 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 operations Qualifying dividends Almond Corporation $700,000 (600,000) 100,000 Banana Corporation $800,000 (860,000) 100,000 Cherry Corporation $900,000 (910,000) 100,000 Click here to view the dividend received deduction table. a. The dividends received deduction for Almond Corporation is b. The dividends received deduction for Banana Corporation is C. The dividends received deduction for Cherry Corporation is