Tippecanoe Corporation Has the Following Income and Expense Items During $\begin{array}{lr} \text { Net income from operations } &\$ 60,000 \\ \text { Dividend income from 10 \% owned corporation } &180,000\end{array}$

Multiple Choice

Tippecanoe Corporation has the following income and expense items during the current year:
$\begin{array}{lr} \text { Net income from operations } &\$ 60,000 \\ \text { Dividend income from 10 \% owned corporation } &180,000\end{array}$
What is Tippecanoe 's dividends-received deduction?

A) $ 42,000
B) $126,000
C) $144,000
D) $168,000
E) $192,000