11) Prinsipe ng Saiyan Company, a calendar-year corporation, has the following income before income tax provision and estimated effective annual income tax rates for the first three quarters of the current year: Quarter Income before income tax Estimated effective annual tax rate at end of quarter First 60,000 40% Second 70,000 Third 40,000 Prinsipe ng Saiyan's income tax provision in its interim income statement for the third quarter should be 40% 45%