Correct the wrong answer and give the steps

Solaris Corporation prepared the following estimates for the four quarters of the current year: First Second Third Fourth Quarter Quarter Quarter Quarter Sales $ 1,350,000 $ 1,620,000 $ 1,890,000 $ 2,160,000 Cost of goods sold 440,000 520,000 590,000 640,000 Administrative costs 470,000 265,000 270,000 280,000 Advertising costs 0 180,000 0 0 Executive bonuses 0 0 0 92,000 Provision for bad. debts 0 0 0 54,000 Annual maintenance costs 72,000 0 0 0 Additional Information - First-quarter administrative costs include the $150,000 annual insurance premium. - Advertising costs paid in the second quarter relate to television advertisements that will be broadcast throughout the entire year. . No special items affect income during the year. . The company estimates an effective income tax rate for the year of 25 percent. a. Assuming that actual results do notvary from the estimates provided, determine the amount of net income to be reported each quarter of the current year. b. Assume that actual results do not vary from the estimates provided except for that in the third quarter, the estimated annual effective income tax rate is revised downward to 22 percent. Determine the amount of net income to be reported each quarter of the current year. X Answer is complete but not entirely correct. Period Net Income a. 1st Quarter $ 339,750 2nd Quarter 523,500 3rd Quarter 669,750 4th Quarter 827,250 b. 1st Quarter $ 339,750 2nd Quarter 523,500 3rd Quarter 696,540 X 4th Quarter 860,340