3. During the current year, 2023, Gray Corporation, a C corporation in the financial services business, made charitable contributions to qualified organizations as follows: -Stock (basis of $20,000, fair market value of $45,000 ) in Drab Corporation, held for six months as an investment, to the Salvation Army. (Salvation Army plans on selling the stock.) -Painting (basis of $90,000, fair market value of $250,000 ), held for four years as an investment, to the Museum of Fine Arts. (The Museum plans to use the painting in its exempt function by including the painting in its collection). Gray Corporation's taxable income (before any charitable contribution deduction) is $1,800,000. What is the total amount of Gray's charitable contributions for the year? a. $110,000. b. $135,000 c. $270,000 d. $295,000