During the current year, Kingbird Corporation (a calendar year C corporation) had the following income and expenses:
Income from operations $135,000
Expenses from operations 99,000
Dividends received (40% ownership) 9,000
Domestic production activities deduction 2,700
On October 1, Kingbird Corporation made a contribution to a qualified charitable organization of $6,300 in cash (not included in any of the above items). Determine Kingbird's charitable contribution deduction for the current year.
a. $0.
b. $4,230.
c. $4,500.
d. $6,300.
e. None of the above.