TCOs 4 and 5) Grocer Services Corporation (acalendar-year taxpayer), a wholesale distributor of food

TCOs 4 and 5) Grocer Services Corporation (acalendar-year taxpayer), a wholesale distributor of food, made thefollowing donations to qualified charitable organizations duringthe year:

    Adjusted Basis Fair Market Value Food (held as inventory) donated to the OhioChildren’s Shelter $3,500 $8,000 Passenger van to Ohio Children’s Shelter, to be usedto transport children to school $7,500 $7,100 Stock in Acme Corporation acquired 7 months ago andheld as an investment, donated to Southwest University $4,000 $6,200 How much qualifies for the charitable contributiondeduction? $15,000 $16,850 $17,250 $19,450 None of the above   Flagthis Question . . .