1 Problem 16-59 (LO 16-3) (Algo) 12 pom For the current year, LNS corporation reported the following taxable income at the end of its first, second, and third quarters. Quarter-End elloca HIE First Second Third AIN Fri Cumulative Taxable Income $1,850,000 7,520,000 1,600,000 References What are LNS's minimum first, second, third, and fourth quarter estimated tax payments, using the annualized income method (Enter all amounts as positive values. Leave no answer blank. Enter zero if applicable. Round "Annualization Factor" for Fourth quarter to 7 places. Round other intermediate computations and final answers to the nearest whole dollar amount.) Installment Taxable income. Annualization Factor Annual Estimated Taxable Tax on estimated taxable Percentage of Tax Required Income To Be Paid Required Prior Cumulative Cumulative Payment Payments Required Estimated Tax Payment income First quarter Second quarter Third quarter $ $ 0 S 0 % $ 0 5 0 $ S 0 %3 0 Fourth quarter Save & Exit SAY Check my w