In 2023, Gray Corporation, a calendar year C corporation, has a $75,000 charitable contribution carryover from a gift made in 2018 . Gray is contemplating a gift of land to a qualified charity in either 2023 or 2024 . 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 2023 and $1,200,000 for 2024 . Should Gray make the gift of the land to charity in 2023 or in 2024 ? If an amount is zero, enter "0". a. If Gray makes the gift of the land to charity in 2023: The amount of the deduction would be s X and the corporation is able to use $ of the $75,000 carryover. Therefore, Gray has a 1 carryover to 2024, of which s would be used in 2024, leaving s to be carried over to 2025. b. If Gray waits and makes the gift of the land to charity in 2024: The corporation would have s carryover from 2018 and $ carryover from 2023. In 2024, the amount of the deduction would be : and the excess of \$ would carryover to 2025. c. Therefore, Gray should make the gift of the land to charity in