In each of the following independent situations, determine the dividends received deduction. Assume that none of the corporate shareholders owns 20% or more of the stock in the corporations paying the dividends.
Green Corporation Orange Corporation Yellow Corporation
Income from operations $500,000 $500,000 $500,000
Expenses from operations (400,000) (450,000) (510,000)
Qualifying dividends 100,000 100,000 100,000