In year2, Garland Corp. contributed $40,000 to a qualified charitable organization. Garlands 2yr taxable income before the deduction for charitable contributions was $410,000. Included in that amount is a $20,000 dividends-received deduction. Garland also had carryover contributions of $5,000 from the prior year. In 2012, what amount can Garland deduct as charitable contributions? A. $40,000

B. $45,000

C. $43,000

D. $41,000