Eagle Corporation Owns Stock in Hawk Corporation and Has Taxable

Multiple Choice

Eagle Corporation owns stock in Hawk Corporation and has taxable income of $160,000 for the year before considering the dividends received deduction.Hawk Corporation pays Eagle a dividend of $200,000,which was considered in calculating the $160,000.What amount of dividends received deduction may Eagle claim if it owns 15% of Hawk's stock?

A) $0.
B) $112,000.
C) $140,000.
D) $160,000.
E) None of the above.