This year, GHJ Incorporated received the following dividends:

BP Incorporated (a taxable California corporation in which GHJ holds a 4% stock interest)	$ 17,700
MN Incorporated (a taxable Florida corporation in which GHJ holds a 31% stock interest)	81,000
AB Incorporated (a taxable French corporation in which GHJ holds a 21% stock interest)	17,700

Required: Compute GHJs dividends-received deduction.