Question: answer all parts, please! Problem 17-18 (Static) [LO 17-4] Mary Vale contributed a bronze statuette to a local museum. Mary received the statuette as a

answer all parts, please!

Problem 17-18 (Static) [LO 17-4] Mary Vale contributed a bronze statuette to a local museum. Mary received the statuette as a gift from her grandmother 35 years ago, and her tax basis was only $200. However, the statue's appraised fair market value at date of contribution was $8,500. Assume the taxable year is 2023 . Required: a. Compute Mary's tax savings from the contribution assuming Mary doesn't itemize deductions on her Form 1040. b. Compute Mary's tax savings from the contribution assuming Mary itemizes deductions and has a 24 percent marginal tax rate. c. Compute Mary's tax savings from the contribution assuming Mary itemizes deductions and has a 37 percent marginal tax rate. Complete this question by entering your answers in the tabs below. Compute Mary's tax savings from the contribution assuming Mary doesn't itemize deductions on her Form 1040. Note: Leave no cells blank - be sure to enter 0 wherever required

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