Cheyenne, Inc. is a company that manufactures and sells a single product. Unit sales for each of the four quarters of 2020 are projected as follows.

Quarter		Units
First		67,200
Second		126,000
Third		462,000
Fourth		100,800
Annual total		756,000

Cheyenne incurs variable manufacturing costs of $0.30 per unit and variable nonmanufacturing costs of $0.35 per unit. Cheyenne will incur fixed manufacturing costs of $604,800 and fixed nonmanufacturing costs of $907,200. Cheyenne will sell its product for $4 per unit.

(a)

Determine the amount of net income Cheyenne will report in each of the four quarters of 2020, 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 decimal places, e.g. 5,125.)

		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Net income (Integral Approach)		$		$		$		$
Net income (Discrete Approach)		$		$		$		$