TCOs 4 and 5) Grocer Services Corporation (a calendar-year taxpayer), a wholesale distributor of food, made the following donations to qualified charitable organizations during the year:

Adjusted Basis

Fair Market Value

Food (held as inventory) donated to the Ohio Children's Shelter

$3,500

$8,000

Passenger van to Ohio Children's Shelter, to be used to transport children to school

$7,500

$7,100

Stock in Acme Corporation acquired 7 months ago and held as an investment, donated to Southwest University

$4,000

$6,200

How much qualifies for the charitable contribution deduction?

$15,000

$16,850

$17,250

$19,450

None of the above

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