This year, GHJ Inc. received the following dividends:

BP Inc. (a taxable California corporation in which GHJ holds a 4% stock interest)	$	19,700
MN Inc. (a taxable Florida corporation in which GHJ holds a 54% stock interest)		82,000
AB Inc. (a taxable French corporation in which GHJ holds a 24% stock interest)		19,700

Required: Compute GHJs dividends-received deduction.