Exercise 17-23 (Algorithmic) (LO. 1) Compute the charitable contribution deduction (ignoring the percentage limitation) for each of the following C corporations. If required, round your answers to nearest dollar. a. Amber Corporation donated inventory of clothing (basis of $48,500, fair market value of $60,625) to a qualified charitable organization that operates homeless shelters. b. Brass Corporation donated stock held as an investment to Western College (a qualified organization). Brass acquired the stock three years ago for $100,800, and the fair market value on the date of the contribution is $161,280. Western College plans on selling the stock. c. Ruby Corporation donates a sculpture held as an investment and worth $156,000 to a local museum (a qualified organization), which exhibits the sculpture. Ruby acquired the sculpture four years ago for $62,400. $ 156,000