For the current year, LNS corporation reported the following taxable income at the end of its first, second, and third quarters.

Quarter-End Cumulative Taxable Income First $ 1,000,000 Second 1,600,000 Third 2,400,000

What are LNS's minimum first, second, third, and fourth quarter estimated tax payments determined using the annualized income method? (Enter all amounts as positive values. Leave no answer blank. Enter zero if applicable. Round "Annualization Factor" for Fourth quarter to 7 places. Round other intermediate computations and final answers to the nearest whole dollar amount.)

InstallmentTaxable IncomeAnnualization

Factor

Annual Est.

Taxable

Income

Tax on Estimated

Taxable IncomePercentage of Tax Required to be PaidRequired

Cumulative

Payment

Prior

Cumulative

Payments

Required

Estimated Tax

Payment

First quarter$

1,000,000selected answer correct

4selected answer correct

$

4,000,000$

1,360,000selected answer incorrect

25selected answer correct

%$

340,000$

0selected answer correct

$

340,000selected answer incorrect

Second quarter$

1,000,000selected answer correct

4selected answer correct

$

4,000,000$

1,360,000selected answer incorrect

50selected answer correct

%$

680,000$

340,000selected answer incorrect

$

340,000selected answer incorrect

Third quarter$

1,600,000selected answer correct

2selected answer correct

$

3,200,000$

1,088,000selected answer incorrect

75selected answer correct

%$

816,000$

680,000selected answer incorrect

$

136,000selected answer incorrect

Fourth quarter$

2,400,000selected answer correct

1.3333333selected answer correct

$

3,200,000$

1,088,000selected answer incorrect