How is income tax expense for the third quarter interim period computed? The estimated tax for the first three quarters based on an annual rate, less a similar estimate for the first two quarters. One-half of the difference between total estimated annual income tax expense and the income tax for the first two quarters. The annual rate multiplied by the third quarter pretax earnings. The rate applicable during the third quarter multiplied by four times the third quarter pretax earnings. VUESTION 15 The bookkeeper of Lakeside Company, which has an accounting year ending December 31, made the following errors: A $1,000 Accounts Receivable collection from a customer was received on December 29, 2019, but not recorded until the date of its deposit in the bank. January 4, 2020. In 2018, Lakeside forgot to record depreciation of S400 on their equipment. Assume no other errors have been made and that no correcting entries have been Ignore income taxes. Total assets at December 31, 2019 were understated by $1.000. understated by $600. overstated by 5400 understated by $1,400 neither understated nor overstated