Dan Simms is the president and sole shareholder of Simms Corporation (a calendar year C corporation), 1121 Madison Street, Seattie, WA 98121. Dan plans for die corporation to make a charitable contribution to die University of Washington, a qualified public charity. He will have the corporation donate Jaybird Corporation stock, held for five years, widi a basis of $11,000 and a fair market value of $25,000. Dan projects a $310,000 net profit for Simms Corporation in 2018 and a $100,000 net profit in 2019- Dan calls you on December 12, 2018, and asks whether he should make the contribution in 2018 or 2019- Write a letter advising Dan about die timing of die contribution.