QUESTION 1 In 2020, Potter, Inc. had gross income from sales of S210,000, business expenses of $230,000, and dividend income from a 18%-owned U.S. corporations of $150,000. Potter's dividends-received deduction was: a $105,000 Ob.5120,000 O $65,000 0.575,000 QUESTION 2 In 2020, Canton Co.'s gross income from operations was $1,000,000 and its expenses from operations were $500,000. It also received a $200,000 dividend from an 15%-owned corporation. What is Canton Co.'s dividends-received deduction? a 5-0 Ob $100,000 c$350.000 d. 5200,000