In 2022, Blue Corp., a C corporation, donated shares of stock to a qualified charitable organization. The shares had a fair market value of $100,000 and an adjusted basis of $20,000, and Blue Corp. has owned the shares for many years. Before any charitable contribution deduction, Blue Corp. will have taxable income of $2,000,000 (no DRD and no loss carryovers) in 2022. What is the amount of Blue Corp.'s 2022 charitable contribution deduction? How would the answer change if Blue Corp.'s 2022 taxable income before the charitable contribution deduction was $600,000? What would happen to the disallowed contribution? What about Blue Corp. donated the shares of stock in 2021 when their taxable income before the charitable contribution deduction was $400,000