Timex Corporation reports the following results for the current year:

Gross profits on sales $150,000

Dividends from less than 20% owned domestic corporation $30,000

Operating expenses $75,000

Charitable contributions in cash $13,000

What is Timexs charitable contribution deduction for the current year and is there a charitable contribution carryover available to the following year?

What is Timexs taxable income for the current year assuming qualifies production activities income is $30,000