Comprehensive Problem. Last year, Intrepid Corporation’s tax return revealed the following items: Dividends from 20 percent owned domestic corporations $60,000 Gross income from services rendered 300,000 Miscellaneous expenses 250,000 Long-term capital gains 30,000 Net operating loss carryforward 15,000 Charitable contributions 20,000 What is Intrepid’s dividends-received deduction? What is the charitable contribution deduction? What is the taxable income for the year?   Please show all work involved:

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