Yellow Corporation donates the following property to the State University (Click the icon to view information on the property) Yellow Corporation's taxable income before any chantable contributions deduction or dividends-received deduction is $300,000 Read the requirements Requirement a. What is Yellow Corporation's charitable contributions deduction for the current year? Begin by completing the table below to determine the amount deductible for each donation Deduction Property Basis FMV amount ABC stock Inventory Antique vase More Info Ex ABC Corporation stock purchased two years ago for $18,000. The stock, which trades on a regional stock exchange, has a $25,000 FMV on the contribution date Inventory with a $17,000 adjusted basis and a $22,000 FMV State will use the inventory for scientific research that qualifies under the special Sec 170(e)(4) rules An antique vase purchased two years ago for $10,000 and having a(n) $18,000 FMV. State University plans to sell the vase to obtain funds for educational purposes Print Done low Corporation's charitable contributions deduction for the current year? 1 Requirements a. What is Yellow Corporation's charitable contributions deduction for the current year? What is the amount of its charitable contributions carryover (if any)? b. Print Done