Prior to making a charitable gift of land to the Red Cross (a charity) with a basis of $60,000 and a value of $130,000, NoPo, Inc. had taxable income of $300,000. If NoPo's dividends-received deduction was $80,000, the limit on NoPo's charitable contribution deduction is $30,000 $50,000 $38,000 $50800 All the following are "organizational expenses" except: Printer's fee for printing up stock prospectuses and other stock notices CPA fee for tax research about sec 351 Attorney fee for legal research for incorporation Fee pad to Oregon for incorporation Jan, a cash-basis one-person business incorporated her computer consulting business which had no liabilities. Jan transferred in $500 Cash, plus a computer system with a fair market value of $34,000. Jan had bought the computer system for $40,000, and had claimed $4,000 of tax depreciation deductions. Jan is the sole shareholder. The corporation's total basis for the assets is: $40,500 $34,500 $30,500 $30,000