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Problem 12-22 (Algorithmic) (LO. 2) Oak Corporation holds the following general business credit carryovers: 2015 2016 $14,000 42,000 15,000 2017 2018 46,000 Total carryovers $117,000

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Problem 12-22 (Algorithmic) (LO. 2) Oak Corporation holds the following general business credit carryovers: 2015 2016 $14,000 42,000 15,000 2017 2018 46,000 Total carryovers $117,000 Oak's general business credit generated by 2019 activities equals $93,600 and the total credit allowed during the current year is $168,000 (based on tax liability). a. Enter the amount (if any) of each year's carryover utilized in 2019, Amount of Carryover Utilized Year 2015 2016 2017 2018 2019

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