The following information applies to the questions displayed below.]

Marathon Inc. (a C corporation) reported $1,750,000 of taxable income in the current year. During the year, it distributed $175,000 as dividends to its shareholders as follows: (Leave no answer blank. Enter zero if applicable.)

$8,750 to Guy, a 5 percent individual shareholder. $26,250 to Little Rock Corp., a 15 percent shareholder (C corporation). $140,000 to other shareholders. d. Complete Form 1120 Schedule C for Little Rock Corp. to reflect its dividends received deduction. (Note that the 2017 form is not updated for DRD percentages effective in 2018. If using 2017 form, report the DRD on line 1).

Download the Tax Form and enter the required values in the appropriate fields. Form 1120