$ 950,000. Silver Fox Corporation has been engaged in the resale of tax preparation and tax research-related books and software for several years. a. At the time of the bankruptcy, Silver Fox is owned by Randall, who purchased the stock from an investor for $ 250,000 several years ago. Randall is single. What are the amount and character of the loss sustained by Randall upon Silver Fox’ s bankruptcy? b. How would your answer to part a change if Randall originally organized Silver Fox Corporation, capitalizing it with $ 250,000 of cash and assuming Silver Fox qualifies as a small business corporation? c. How would your answer to Part a change if Randall were a corporation instead of an individual? d. How would your answer to Part b change if Randall were a corporation instead of an individual? Problem C3-38 Charitable Contribution Deduction Limitation. Zeta Corporation reports the following results for 2006 and 2007: Adjusted taxable income $ 180,000 $ 125,000 Charitable contributions( cash) 20,000 12,000 The adjusted taxable income is before Zeta claims any charitable contributions deduction, NOL or capital loss carryback, dividends-received deduction, or U. S. production activities deduction. a. How much is Zeta’ s charitable contributions deduction in 2006? In 2007? b. What is Zeta’ s contribution carryover to 2008, if any? Problem C3-58