Problem 12-21 (a) (LO. 2) Elsie has a tentative general business credit of $65,000 for the current year. Her net regular tax liability before the general business credit is $145,000, and her tentative minimum tax is $101.000. Complete the statements below that outline Elsie's limitation on the general business credit. of her tentative minimum tax or Elsie's general business credit is limited to her net income tax reduced by the % of the net regular tax liability that exceeds $ Therefore, Elsie's allowable general business credit for the year is $