Tippecanoe Corporation Has the Following Income and Expense Items During

Multiple Choice

Tippecanoe Corporation has the following income and expense items during the current year:
?
$\begin{array}{ll}\text { Net income from operations } & \$ 60,000 \\\text { Dividend income from } 10 \% \text { owned corp oration } & 180,000\end{array}$

What is Tippecanoe 's dividends-received deduction?

A) $30,000
B) $90,000
C) $117,000
D) $120,000
E) $156,000