Same facts as above except that shortly after receiving the preferred stock, C contributed to a charity and the charity shortly thereafter sells it to Z Corporation for $36,000. Group of answer choices C has a charitable contribution of $36,000. C's charitable contribution is not reduced by the ordinary income component of $32,000 resulting in a charitable contribution of $4,000. The IRS might argue that there is no charitable contribution but rather a straight sale to the corporation Z by C resulting in $36,000 of ordinary income. B and C. None of the above