taxation

1. During the current year, Coyote Corporation (a calendar year C corporation) has the following transactions: Income from operations $260,000 Expenses from operations 285,000 Dividends received from Roadrunner Corporation 115,000 a. Coyote owns 5% of Roadrunner Corporation's stock. How much is Coyote Corporation's taxable income (loss) for the year? Would your answer change if Coyote owned 25% of Roadrunner Corporation's stock? If so, what is Coyote's taxable income (loss) for the year