Accounting, Analysis, and Principles Sheridan, Inc. is a company that manufactures and sells a single product. Unit sales for each of the four quarters of 2017 are projected as follows. 72,800 136,500 500,500 109,200 Annual Total 819,000 Second Third Fourth Sheridan incurs variable manufacturing costs of $0.40 per unit and variable nonmanufacturing costs of $0.40 per unit. Sheridan will incur fixed manufacturing costs of $632,600 and fixed nonmanufacturing costs of $960,000. Sheridan will sell its product for $4 per unit. Determine the amount of net income Sheridan will report in each of the four quarters of 2017, assuming actual sales are as projected and employing the integral approach to interim financial reporting. (Ignore income taxes.) Repeat the analysis under the discrete approach. (Round answers to 0 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Net income (Integral Approach) Net income (Discrete Approach) Compute Sheridan's profit margin on sales for each of the four quarters of 2017 under both the integral and discrete approaches. (Round answers 1 decimal place, eg, 52.5%.) Si