This year, GHJ, Incorporated received the following dividends:

BP, Incorporated (a taxable California corporation in which GHJ holds a 3% stock interest) $ 17,500

MN, Incorporated (a taxable Florida corporation in which GHJ holds a 30% stock interest) 80,900

AB, Incorporated (a taxable French corporation in which GHJ holds a 20% stock interest) 17,500

Required: Compute GHJs dividends-received deduction.