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Coattail Corporation (CC) manufactures and sells womens and childrens coats. This year, CC donated 1,000 coats to a qualified public charity. The charity distributed the coats to needy women and children throughout the region. At the time of the contribution, the fair market value of each coat was $80. Determine the amount of CCs charitable contribution (the taxable income limitation does not apply) for the coats assuming the following:

a. CCs adjusted basis in each coat was $30.

b. CCs adjusted basis in each coat was $10.