A C corporation donates inventory to a charitable organization. The corporation had a basis of $10,000 in the inventory. The inventory FMV was $40,000. the corporation's taxable income was $5,000,000. How much can the corrosion deduct as charitable contribution?

choice 1: $20,000 choice 2: $10,000 choice 3: $40,000 choice 4: $25,000 choice 5: $15,000