$[$The following information applies to the questions displayed below.$]$

Calvin reviewed his canceled checks and receipts this year $(2023)$ for charitable contributions, which included an antique painting and IBM stock. He has owned the IBM stock and the painting since $2005.$

Donee Item Cost FMV

Hobbs Medical Center IBM stock $ $8,200$ $ $54,000$

State Museum Antique painting $6,6003,960$

A needy family Food and clothes $720430$

United Way Cash $40,00040,000$