Auburn Company manufactures and sells furnishings for hospitals (e.g., special needs bathroom fixtures). In the current year, it donates some of its inventory to a newly constructed hospice. The hospice is adjacent to a cancer treatment center and is intended to care for indigent and terminal patients. The property donated has an adjusted basis of $40,000 and a fair market value of $90,000. What is the amount of the charitable contribution deduction if Auburn is a:
a. Sole proprietorship?
b. C corporation?
c. Would your answer to part (b) change if the fair market value of the property was $121,000 (not $90,000)?