Final answer:
The correct CPT code to report for the example given is 19318, which represents a reduction mammoplasty.
Step-by-step explanation:
The correct CPT code to report for the example given is 19318. This code represents a reduction mammoplasty, which is the surgical procedure described in the question. The code 19318 includes the removal of breast tissue, elevation of the nipple, and closure of the incisions. It is important to note that this is just one possible CPT code option, and the final code selection should be based on the specific documentation and guidelines provided by the American Medical Association (AMA) and the payer.