On 6/12/X2 X co. donated a painting worth $500,000 to an art museum. If X co. had sold the painting it would have recognized a longterm capital gain of $300,000.

During 20X2 X co. had the following income and expenses: $4,000,000 gross income, $3,000,000 business expenses, $125,000 dividends received deduction, $100,000 net operating loss carry forward, $82,000 net operating loss carry back, and a capital loss carry back of $30,000.

Determine X co.s current charitable contribution and charitable contribution deduction in 20X2, and charitable contribution carry forward.