During 2019, Owl Corporation (a C corporation), a retailer of childrens apparel, made the donations listed below to qualified charitable organizations. Adjusted Basis Fair Market Value Childrens clothing held as inventory, to Haven for Hope (a homeless shelter) $10,000 $15,000 Stock in Exxon Corporation acquired two years ago and held as an investment, to City University 5,000 3,000 Land acquired four years ago and held as an investment, to Humane Society 50,000 75,000 Required: a. Both City University and the Humane Society sold the property donated by Owl while Haven for Hope distributed the clothing to families who came to the shelter. Indicate for each item the amount that could be deducted as a charitable contribution (ignore any limitations). b. What advice would you have given Owl with respect to its charitable contributions for 2019?