Problem $11-22($Algo$)[$LO $11-5]$

Bangura, Incorporated has accumulated minimum tax credits of $$1\mathrm{.}42$ million from tax years prior to $2018.$ The following are Bangura's regular tax before credits for $2018$ through $2021.$

$\backslash$table$[[$Regular tax before credits,$2018,2019,2020,2021],[160,000,$$$180,000,$$$150,000,$$$30,500,]]$

Required:

a$.$ Complete the following table to calculate Bangura's allowable minimum tax credit each year under the TCJA rules prior to enactment of the CARES Act.

b$.$ Complete the following table to calculate Bangura's allowable minimum tax credit each year under the CARES Act rules, assuming Callen does not adopt the quickie $2018$ refund option.

Required A

Required B

Complete the following table to calculate Bangura's allowable minimum tax credit each year under the TCJA rules prior to enactment of the CARES Act.

Note: Negative amounts should be indicated by a minus sign. Enter your answers in whole dollars not in millions.

$\backslash$table$[[,2018,2019,2021,],[$Nonrefundable portion of minimum tax credit,,,,$],[$Refundable portion of minimum tax credit,,,,$],[$Total minimum tax credit used,,,,$]]$