Purple Corporation (A Calendar Year Taxpayer) Is Engaged in the Business

Multiple Choice

Purple Corporation (a calendar year taxpayer) is engaged in the business of retailing CD players and makes the following donations during the year: $\begin{array}{ll}&\text { Fair Market }\\\text { Adjusted Basis }&\text { Value }\\\hline\text { CD players (held as inventory) }\\\text { to the local Women's Shelter }&\$8,000&\$12,000\\\text { Stock in Music acquired two years ago and held as }\\\text { an investment to a Catholic Church seminary }&6,000&10,000\\\text { Delivery van to local SPCA (animal shelter) }&8,000&4,000\end{array}$
How much qualifies for the charitable contribution deduction?

A) $18,000.
B) $22,000.
C) $24,000.
D) $26,000.
E) None of the above.