Jackal Corporation declared a dividend of $4 per share on Sept.15,2009. The date of record was Oct.15 and the date of payment was Oct.22. The stock exchange on which the Jackal Corporation is traded set an ex-dividend date of Oct.22. On Oct.19, Coyote Corporation sold 1,000 shares of Jackal Corporation stock to Fox Corporation through the exchange for $75 per share. As required by exchange rules, Coyote signed an agreement that Fox was entitled to the dividend that was to be paid on Oct.22. Coyote Corporation which had paid $45 per share for the Jackal Corporation stock in 2007, reported a long-term gain of $30,000 on its 2000 Federal tax return. Fox Corporation reported dividend income of $4,000 and took a 70% dividends recieved deduction. Have Coyote Corporation and Fox Corporation reported these transaction properly?