Please use any updated tax laws for 2018, if applicable.

8 Joseph Thompson is president and sole shareholder of Jay Corporation. In December 2017, Joe asks your advice regarding a charitable contribution ans to have the corporation make to the University of Maine, a qualified public Joe is considering the following alternatives as charitable contributions in 0.2, 40 have the co charity. December 2017: (1) Cash donation 2) Unimproved land held for six years ($110,000 basis) 3) Maize Corporation stock held for eight months ($140,000 basis) 4) Brown Corporation stock held for nine years ($360,000 basis) Fair Market Value $200,000 200,000 200,000 200,000