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.On 6/25/X9 X co. donated a painting worth $400,000 to an art museum. If X co. had sold the painting it would have recognized a

.On 6/25/X9 X co. donated a painting worth $400,000 to an art museum. If X co. had sold the painting it would have recognized a shortterm capital gain of $50,000.During 20X9 X co. had the following income and expenses: $2,000,000 gross income, $800,000 business expenses, $100,000 dividends received deduction, $400,000 net operating loss carry forward, $60,000 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 20X9, and charitable contribution carry forward.

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