Txercise $3-2\mathrm{.}7($Algorithmic$)($LO$.1)$

Compute the charlable contribution deduchon $($gnarng the perastape kutation$)$ for each of the forloming C corporations

If required, round your answers to nearest dollar. that operates homeless ithelters.

$1$

b$.$ Brass Corporation donated stock held as an investment to Western Coliege $($a qualifed arganization$).$ Brass acquired the stock shree years ago for $$98,400,$ and the fair market value on the date of the contribubion in $$157,440.$ Western College plans on selling the stock.

$$

c$.$ Ruty Corporation donates a sculpture heid as an investmert and worth $$220,400$ to a local museum $($a qualified organization$),$ which exhbits the soulpture. Ruby acpuired the soulphure four rears mpe for $581,160.$

$4$