In 2022, Gray Corporation, a calendar year C corporation, has a $75,000 charitable contribution carryover from a gift made in 2017. Gray is contemplating a gift of land to a qualified charity in either 2022 or 2023. Gray purchased the land as an investment five years ago for $100,000 (current fair market value is $250,000 ). Before considering any charitable deduction, Gray projects taxable income of $1,000,000 for 2022 and $1,200,000 for 2023. Should Gray make the gift of the land to charity in 2022 or in 2023? If an amount is zero, enter " 0 ". a. If Gray makes the gift of the land to charity in 2022: The amount of the deduction would be $ and the corporation is able to use $ X of the $75,000 carryover. Therefore, Gray has a $ carryover to 2023 , be carried over to 2024. b. If Gray waits and makes the gift of the land to charity in 2023: The corporation would have \$ X carryover from 2017 and \$ X carryover from 2022. In 2023, the amount of the deduction would be $ and the excess of $ would carryover to 2024. c. Therefore, Gray should make the gift of the land to charity in