This year, GHJ, Incorporated received the following dividends:

BP, Incorporated (a taxable California corporation in which GHJ holds a 4% stock interest)	$ 18,500
MN, Incorporated (a taxable Florida corporation in which GHJ holds a 38% stock interest)	81,400
AB, Incorporated (a taxable French corporation in which GHJ holds a 25% stock interest)	18,500

Required:

Compute GHJ's dividends-received deduction.