Sycamore Inc. donated $50,000 to a qualifying charity this year (2023). For the year, it reported income of $480,000 before deducting the following: the $50,000 charitable contribution, a $100,000 dividends received deduction (DRD), and a $28,000 net operating loss (NOL) carryover. What is Sycamore's charitable contribution deduction? $50,000 $35,200 $48,000 $45,200