Cosplay Costumes Corporation (CCC) is an October 31 year-end taxpayer. CCC's prior year tax liability was $42,000. The current year tax liability is $44,000. CCC prepared estimated payments using the annualized income method of $43,000 (four equal payments of $10,750). Using this information, answer the following questions regarding the required payments necessary to avoid penalties associated with underpayment of estimated taxes