Eagle Corporation Owns Stock in Hawk Corporation and Has Taxable

Multiple Choice

Eagle Corporation owns stock in Hawk Corporation and has taxable income of $233,000 for the year before considering the dividends received deduction.Hawk Corporation pays Eagle a dividend of $300,000,which was considered in calculating the $233,000.What amount of dividends received deduction may Eagle claim if it owns 25% of Hawk's stock?

A) $0.
B) $186,400.
C) $240,000.
D) $300,000.
E) None of the above.