QUESTION 22 X Co. had the following income and expenses: Gross income from operations $350,000 Expenses from operations S300,000 Dividends received from a domestic corporation (12% owned by X Co.) $100,000 Capital loss carryback $25,000 Net operating loss carry forward $20,000 X Co.'s dividends received deduction is 1 None of these O 2, $65,000 3. s50.00o 4. $75.000 QUESTION 23 X Co. had the following income and expenses: Gross income from operations $290,000 Expenses from operations S300,000 Dividends received from a domestic corporation (15% owned by X Co.) $100,000 Capital loss carryback $25,000 X Co's dividends received deduction is 1-545,000 2.s50.000 03. O 4. $65.000 None of these QUESTION 24 X Co. had the following income and expenses: Gross income from operations $320,000 Expenses from operations $400,000 Dividends received from a domestic corporation (15% owned by X Co.) $100,000 Capital loss carryback $25,000 Net Operating Loss carryforward $5,000 X Co.'s dividends received deduction is 1. $10.00o 2.s50.000 O 3. None of these o 4. $65.000