ue.23. Sanchez incurred the following items. Business income $120000 Tax-exempt interest income 40000 Payment to charity from 2011 income, paid March 1, 2012 20000 Complete the following chart, indicating the charitable contribution deduction under the various assumptions. Assumption 2011 Deduction for Contribution Sanchez is a cash basis individual. --------------------------------------------------- Sanchez is an accrual basis corporation. ---------------------------------------------------- Sanchez is a trust