The Good Corporation (a C corporation) is a very active charitable donor. During the year, the corporation donated inventory to a charitable organization. The corporation's basis in the inventory was $88,000 and its FMV was $132,000. The corporation's taxable income was $1,000,000. How much can the corporation deduct as charitable contribution?

Select one:

a. $176,000

b. $100,000

c. $88,000

d. $110,000