Herman purchased undeveloped land for $75,000 on July 10, 2014, and has held it as an investment since then. On May 9, 2020, when the land is worth $140,000, he donates it to a private nonoperating foundation. a. Herman's charitable contribution is $fill in the blank 1. b. Assume that Herman had donated the undeveloped land to a public charity. His charitable contribution would have been $fill in the blan

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