Exercise 3-26 (Algorithmic) (LO. 1) Compute the charitable contribution deduction (ignoring the percentage limitation) for each of the following C corporations. If required, round your answers to nearest dollar. a. Amber Corporation donated inventory of clothing (basis of $123,500, fair market value of $154,375) to a qualified charitable organization that operates homeless shelters. b. Brass Corporation donated stock held as an investment to Western College (a qualified organization). Brass acquired the stock three years ago for $52,800, and the fair market value on the date of the contribution is $84,480. Western College plans on selling the stock. C. Ruby Corporation donates a sculpture held as an investment and worth $214,800 to a local museum (a qualified organization), which exhibits the sculpture. Ruby acquired the sculpture four years ago for $85,920