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During the current year, Ink Corporation made charitable contributions of cash totaling $ 7 , 0 0 0 . Ink Corporation had taxable income of

During the current year, Ink Corporation made charitable contributions of cash totaling $7,000. Ink Corporation had taxable income of $40,000 after the dividends and dividends-received deduction. Dividends received from taxable domestic corporations (15% owned) during the year totaled $12,000. What is Ink Corporation's charitable contribution deduction for the current year?
A. $4,000
B. $4,600
C. $3,400
D. $7,000
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