Moon Beam Corporation, a U.S. corporation, has a foreign office that conducts business in Italy. Moon Beam pays foreign taxes of $59,000 on foreign-source taxable income of $200,000. Its U.S.-source taxable income is $425,000, total U.S. taxable income (worldwide) of $625,000, and U.S. tax liability (before reductions for the foreign tax credit) is $131,250. Requirement What is Moon Beam's foreign tax credit? What is Moon Beam's foreign tax credit carryback or carryover? What is Moon Beam's foreign tax credit? (Do not round interim calculations.) Moon Beam's allowable general business credit in the current year is What is Moon Beam's foreign tax credit carryback or carryover? Moon Beam's general business credit carryback or carryover amounts to This amount can be Moon Beam Corporation, a U.S. corporation, has a foreign office that conducts business in Italy. Moon Beam pays foreign taxes of $59,000 on foreign-source taxable income of $200,000. Its U.S.-source taxable income is $425,000, total U.S. taxable income (worldwide) of $625,000, and U.S. tax liability (before reductions for the foreign tax credit) is $131,250. Requirement What is Moon Beam's foreign tax credit? What is Moon Beam's foreign tax credit carryback or carryover? What is Moon Beam's foreign tax credit? (Do not round interim calculations.) Moon Beam's allowable general business credit in the current year is What is Moon Beam's foreign tax credit carryback or carryover? Moon Beam's general business credit carryback or carryover amounts to This amount can be