Gulf Corporation reports the following amounts for Years 1 through 4:

Gulf is not a small corporation exempt from the AMT. In what year(s) does Gulf obtain a minimum tax credit? In what year(s) can Gulf use the minimum tax credit?

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Year1 Year2 Year 3 Type of Tax Regular tax Tentative minimumtax 40,000 150,000 105,000 95,000 Year 4 S75,000S100,000 S120,0DD S144,000