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Riverbend Inc received a $370,000 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,370,000 before deducting the dividends-received deduction (DRD), a

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Riverbend Inc received a $370,000 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,370,000 before deducting the dividends-received deduction (DRD), a $46,000 NOL carryover, and a $126,000 charitable contribution. Use Exhibit 16-6. (Round your tax rates to 1 decimal place. Leave no answer blank, Enter zero if applicable.) a. What is Riverbend's deductible DRD assuming it owns 10 percent of Hobble Corporation? DRD Riverbend Inc received a $370,000 dividend from stock it held in Hobble Corporation, Riverbend's taxable income is $2,370,000 before deducting the dividends-received deduction (DRD), a $46,000 NOL carryover and a $126,000 charitable contribution Use Exhibit 16-6 (Round your tax rates to 1 decimal place. Leave no answer blank. Enter zero if applicable.) c. What is Riverbend's DRD assuming it owns 61 percent of Hobble Corporation? DRD

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