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

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Indigo, 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. Indigo incurs variable manufacturing costs of $0.40 per unit and variable nonmanufacturing costs of $0.35 per unit. Indigo will incur fixed manufacturing costs of $748,800 and fixed nonmanufacturing costs of $1,123,200. Indigo will sell its product for $4 per unit. (a) Determine the amount of net income Indigo 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.)

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