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Q29 In 2021, Pine Corporation had losses of $20,000 from operations. It received $180,000 in dividends from a 25%-owned domestic corporation. Pine's taxable income is

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In 2021, Pine Corporation had losses of $20,000 from operations. It received $180,000 in dividends from a 25%-owned domestic corporation. Pine's taxable income is $160,000 before the dividends-recelved deduction. What is the amount of Pine's dividends-recelved deduction? $180,000 $104.000 50 $117,000

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