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Oak Corporation has the following general business credit carryovers: 2016 6500 2017 19500 2018 7500 2019 23500 Total Carryovers 57000 The general business credit generated

Oak Corporation has the following general business credit carryovers:

2016 6500
2017 19500
2018 7500
2019 23500
Total Carryovers 57000

The general business credit generated by activities during 2020 equals $45,600 and the total credit allowed during the current year is $78,000 (based on tax liability).

a. Enter the amount (if any) of each year's carryover utilized in 2020.

Amount of Carryover Utilized
2016
2017
2018
2019
2020 fill in the blank

b. What is the amount of any unused credits carried forward to 2021?

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