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This pic should have all the necessary information Crane and Loon Corporations, two unrelated C corporations, have the following transactions for the current year. Crane

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Crane and Loon Corporations, two unrelated C corporations, have the following transactions for the current year. Crane Loon Gross income from operations $241,000 $385,600 Expenses from operations 337,400 404,880 Dividends received from domestic corporations (15% ownership) 144,600 289,200 Click here to access the dividends received deduction table. a. Compute the dividends received deduction for Crane Corporation. b. Compute the dividends received deduction for Loon Corporation

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