Instructions Apr. 15 Estimated that its 20-2 income tax will be $26,800. Based on this estimate, it will make four quarterly payments of $6,700 each on April 15, June 15, September 15, and December 15. Made the first payment. 25 Declared a semiannual dividend of $0.45 per share on common stock to shareholders of record on May 10, payable May 20. Currently, 72,400 shares of $1 par common stock are outstanding May 20 Paid the cash dividends. June 15 Made estimated tax payment of $6,700 Sept. 15 Made estimated tax payment of $6,700. Declared semiannual dividend of $0.45 per share on common stock to shareholders of record on November 10, payable on November 20. Oct. 25 Nov. 20 Paid the cash dividends. Dec. 15 Made estimated tax payment of $6,700. Bebeto's actual 20-2 income tax is $31,830. This amount will be paid by March 15, 20-3. Made adjustment for the additional amount 31 owed 31 Net income for 20-2 was $114,300. Closed the income summary account. 31 Closed the cash dividends account