Compute the charitable contribution deduction $($ignoring the percentage limitation$)$ for each of the following C corporations.

If required, round your answers to nearest dollar.

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a$.$Amber Corporation donated inventory of clothing $($basis of $$68,500,$ fair market value of $$85,625)$ to a qualified charitable organization that operates homeless shelters.

$fill in the blank f$296$f$3$fc$700$cfe$2\_1$

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b$.$Brass Corporation donated stock held as an investment to Western College $($a qualified organization$).$ Brass acquired the stock three years ago for $$141,600,$ and the fair market value on the date of the contribution is $$226,560.$ Western College plans on selling the stock.

$fill in the blank $995$ea$30$b$9017042\_1$

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c$.$Ruby Corporation donates a sculpture held as an investment and worth $$164,400$ to a local museum $($a qualified organization$),$ which exhibits the sculpture. Ruby acquired the sculpture four years ago for $$65,760.$

$fill in the blank a$2952804$c$05$a$02$e$\_1$

Incorrect

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c$.$Ruby Corporation donates a sculpture held as an investment and worth $$164,400$ to a local museum $($a qualified organization$),$ which exhibits the sculpture. Ruby acquired the sculpture four years ago for $$65,760.$

$fill in the blank a$2952804$c$05$a$02$e$\_1$

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a$.$Swallow Corporation owns $12\%$ of Brown Corporation's stock. How much is Swallow's taxable income or NOL for the year?

Swallow's

NOLtaxable incomeNOL

after deducting the dividends received deduction is $fill in the blank $7$e$58$eb$05904904$a$\_2.$

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b$.$Assume instead that Swallow Corporation owns $26\%$ of Brown Corporation's stock. How much is Swallow's taxable income or NOL for the year?

Swallow's

NOLtaxable incometaxable income

after deducting the dividends received deduction is $fill in the blank $0$db$135034016072\_2.$