59. In 2005, Victor acquires an Andy Warhol painting for $32,000. During the current year he donates the painting to the city museum. Its fair market value at the date of the contribution is $38,000. If Victor's adjusted gross income is $66,000 and he elects to reduce the contribution to its basis, his deductible contribution is a. $18,000 b. $19,800 c. $32,000 d. $33,000 e. $38,000