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Grocer Services Corporation (a calendar year taxpayer), a wholesale distributor of food, made the following donations to qualified charitable organizations during the year: Adjusted Basis

Grocer Services Corporation (a calendar year taxpayer), a wholesale distributor of food, made the following donations to qualified charitable organizations during the year: Adjusted Basis Fair Market Value Food (held as inventory) donated to the Ohio Children's Shelter $3,500 $8,000 Passenger van to Ohio Children's Shelter, to be used to transport children to school 7,500 7,100 Stock in Acme Corporation acquired 7 months ago and held as an investment, donated to Southwest University 4,000 6,200 How much qualifies for the charitable contribution deduction? (Points : 5) $15,000. $16,850. $17,250. $19,450

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