For each of the following situations, compute any required Schedule M-1 adjustments, indicating whether “timing” or “permanent”. Include the appropriate line of Schedule M-1 for each adjustment.

Guppy Inc. made the following donations in 2021:
a. $5,000 to the Pike for Governor Committee
b. $7,500 to the Yes on Proposition A Committee
c. $25,000 of inventory (food) to a homeless foundation; the FMV of the inventory was $27,000.

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