Problem $12-27($Algorithmic$)($LO$.2)$

Oak Corporation has the following general business credit carryovers:

$2019$ $$16,250$

$202048,750$

$202117,250$

$202252,750$

Total carryovers $$135,000$

The general business credit generated by activities during $2023$ equals $$108,000$ and the total credit allowed during the current year is $$195,000($based on tax liability$).$

a$.$ Enter the amount $($if any$)$ of each year's carryover utilized in $2023.$

Year Amount of

Carryover

Utilized

$2019$ $fill in the blank $1$

$16,250$

$2020$ $fill in the blank $2$

$48,750$

$2021$ $fill in the blank $3$

$17,250$

$2022$ $fill in the blank $4$

$52,750$

$2023$ $fill in the blank $5$

$27,000$

b$.$ What is the amount of any unused credits carried forward to $2024?$

$fill in the blank $6$

$37,000$

$.$