In 2022, Gray Corporation, a calendar year C corporation, has a $75,000 charitable contribution carryover from a gift made in 2017. Gray is contemplating a gift of land to a qualified charity in either 2022 or 2023. Gray purchased the land as an investment five years ago for $100,000 (current fair market value is $250,000). Before considering any charitable deduction, Gray projects taxable income of $1,000,000 for 2022 and $1,200,000 for 2023. Should Gray make the gift of the land to charity in 2022 or in 2023? Provide support for your answer.