Eagle Corporation Owns Stock in Hawk Corporation and Has Taxable

Multiple Choice

Eagle Corporation owns stock in Hawk Corporation and has taxable income of $100,000 for the year before considering the dividends received deduction.Hawk Corporation pays Eagle a dividend of $130,000,which was considered in calculating the $100,000.What amount of dividends received deduction may Eagle claim if it owns 15% of Hawk's stock?

A) $0
B) $70,000
C) $91,000
D) $104,000
E) None of the above