Exercise 28-16 (Algorithmic) (LO. 2) The Hosta Trust reports gross rent income of $80,600, expenses attributable to the rents of $56,420, and tax-exempt interest from state bonds of $20,150. Under the trust agreement, the trustee is to pay 20% of the annual trust accounting income to the American Red Cross, a qualifying charitable organization. If required, round any division to two decimal places. Round your final answer to the nearest dollar. a. Compute Hosta's charitable contribution deduction