the Hosta Trust reports gross rent income of $159,000, expenses attributable to the rents of $111,300, and tax-exempt interest from state bonds of $39,750. Under the trust agreement, the trustee is to pay 20% of the annual trust accounting income to the American Red Cross, a qualifying charitable organization.

If required, round any division to two decimal places. Round your final answer to the nearest dollar.

a. Compute Hosta's charitable contribution deduction.