Problem 12-22 (Algorithmic) (LO. 2)

Oak Corporation holds the following general business credit carryovers:

2015$12,500201637,500201713,500201841,500Total carryovers$105,000

Oak's general business credit generated by 2019 activities equals $84,000 and the total credit allowed during the current year is $150,000 (based on tax liability).

a.Enter the amount (if any) of each year's carryover utilized in 2019.

YearAmount of

Carryover

Utilized2015$2016$2017$2018$2019$

b.What is the amount of any unused credits carried forward to 2020?

$.