In addition to cash contributions to charity, Dean decided to donate shares of stock and a portrait painted during the earlier part of the last century. Dean purchased the stock and the portrait many years ago as investments. Dean reported the following recipients in 2023:

Charity	Property	Cost	FMV
State University	Cash	$ 16,800	$ 16,800
Red Cross	Cash	15,400	15,400
State History Museum	Antique painting	5,180	89,200
City Medical Center	Dell stock	46,000	35,000

c. Suppose Dean is a dealer in antique paintings and had held the painting for sale before the contribution. What is Dean's charitable contribution deduction for the painting in this situation (ignoring AGI limitations)?