In 2012, grey corporation, a calendar year C corporation, has a $75,000 charitable contribution carryover from a gift made in 2007, Gray i contemplating a gift of land to a qualified charity in either 2012 or 2013. Gray purchased the land as an investment five years ago for $100,000 (current fair market value is $250,000). Before considering any charitable deduction, Gray projects taxable in come of $1 million for 2012 and $1.2 million for 2013. should gray make the gift of the land to charity in 2012 or in 2013? provide support for your answer.