1. Trimm Corporation owns 20% of the stock of Alpha Corporation and 18% of the stock of Beta Corporation. Alpha and Beta Corporations are both US Corporations. Trumm has gross receipts for operations of $90,000 and operating expenses of $98,000. Trimm Corporation received $20,000 dividend income from Alpha Corporation. Trimm also received $20,000 dividend income from Beta. What is Trimm Corps taxable income?