1. Charitable contributions. Paolo donated a classic car he owned to the Maldini Family Foundation, a private non-operating foundation. The Foundation's president now uses the car for foundation business. Paolo bought the car 10 years ago for $51,000. It is now worth $55,000. Without taking into account ceiling limitations, how much is the itemized deduction Paolo can claim?

2. Gain. Two years ago, Hyeon won a golden statue in a lottery. At the time, it was worth $10,000. She properly reported all of her income on her tax return that year. She sold the statue for $20,000 in March of this year. How much gross income does Hyeon recognize on the sale?