E2.13. Mismatching at WorldCom (Hard) During the four fiscal quarters of 2001 and the first quarter of 2002, WorldCom incorrectly capitalized access charges to local networks as assets (as explained in Box 2.3). The amount of costs capitalized were as follows: First quarter 2001 Second quarter, 2001 Third quarter, 2001 Fourth quarter, 2001 First quarter, 2002 $780 million $605 million $760 million $920 million $790 million Suppose WorldCom amortized these capitalized costs straight-line over five years (20 quarters). Calculate the amount of the overstatement of income before tax for each of the five quarters.