Kim made a gift to Pat of a passive activity with an adjusted basis of $50,000, suspended losses of $20,000, and a fair market value of $60,000. Which of the following statements is true? Pat's adjusted basis is $60,000. Pat's adjusted basis is $50,000, and Pat can deduct the $20,000 of suspended losses in the future. Pat's adjusted basis is $60,000, and $10,000 of suspended losses are lost. Pat's adjusted basis is $70,000. None of the above. During 2016, Al made the following charitable contributions: Cash $20,000 Stock in Thrush Corporation (a publicly traded corporation) 30,000 The stock in Thrush Corporation was acquired as an investment three years ago at a cost of $10,000. Al's AGI for 2016 is $70,000. What is Al's charitable contribution deduction for 2016? $21,000. $30,000. $35,000. $50,000. None of the above