Problem 7-33 (LO 7-1) (Algo) Ray Ray made the following contributions this year. Charity Property Cost FMV Athens Academy School Cash $ 9,800 $ 9,800 United Way Cash 8,800 8,800 American Heart Association Antique painting 18,050 90,250 First Methodist Church Coca-Cola stock 16,400 24,600 Determine the maximum amount of charitable deduction for each of these contributions ignoring the AGI ceiling on charitable contributions and assuming that the American Heart Association plans to sell the antique painting to fund its operations. Ray Ray has owned the painting and Coca-Cola stock since 1990.