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Riverbend Incorporated received a $ 2 2 7 , 5 0 0 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $

Riverbend Incorporated received a $227,500 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,340,000 before deducting the dividends-received deduction (DRD), a $70,000NOL carryover, and a $120,000 charitable contribution. Use Exhibit 16-7.
Note: Round your tax rates to 2 decimal places. Leave no answer blank. Enter zero if applicable.
a. What is Riverbend's deductible DRD assuming it owns 10 percent of Hobble Corporation?
DRD
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