This question was answered wrong by the first tutor.

This year, GHJ Inc. received the following dividends:

BP Inc. (a taxable California corporation in

which GHJ holds a 2% stock interest)$17,300MN Inc. (a taxable Florida corporation in

which GHJ holds a 52% stock interest)80,800AB Inc. (a taxable French corporation in

which GHJ holds a 21% stock interest)17,300

Required:

Compute GHJ's dividends-received deduction.