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#3 of 3 Green Grass Corporation donates two paintings, Painting A and Painting B, to The Famous Art Museum (a qualified charity), which exhibits both

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#3 of 3 Green Grass Corporation donates two paintings, Painting A and Painting B, to The Famous Art Museum (a qualified charity), which exhibits both paintings. Painting A has a fair market value of $750,000. Green Grass had acquired the painting seven years ago for $300,000. Painting B, which Green Grass purchased four months ago for $17,000, has a fair market value of $20,000 on the date of the donation. What is the amount of the charitable deduction for Green Grass? O a. 50 O b. $770,000 O c. $317,000 O d. $300,000 O e. $767,000

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