Steve made the following transfers during the year:

(1) $10,000 to Louisiana State University. The $10,000 contribution allows him to purchase football season tickets. Steve also bought the football season tickets at a cost of $5,000.

(2) $400 to the local public broadcast television station during the annual fund drive. In return for the $400 contribution, Steve received a mug and pen with the station's logo valued at $8.

(3) 1,000 shares of ABC stock to the United Way. At the date of the contribution, the stock had a fair market value of $50 per share. Steve's adjusted taxable basis in the stock was $10 per share and he held the stock long term.

Ignoring any AGI limitations, what is Steve's maximum charitable deduction?

1. 18400
2. 55392
3. 50400
4. 58400