Canny Foods Co. is considering three ways it could contribute to a local qualified charity. First, it could give $10,000 cash. Second, it could give stock it initially purchased two years ago for $8,000 but is now worth $12,000. Third, it could give items of inventory with a fair market value of $7,000 but with an adjusted basis of $3,000. Which of the following correctly describes the relation among possible charitable contributions in terms of amount deductible for tax purposes?

A) Cash>Stock>Inventory

B) Stock>Cash>Invesntory

C) Inventory>Stock>Cash

D) Inventory>Cash>Stock

Explain.