Joplin Laminating Corporation reported income before income taxes during the first three quarters and management's estimates of the annual effective tax rate at the end of each quarter as shown below:

	First Quarter	Second Quarter	Third Quarter
Income before Taxes	$54,000	$44,000	$104,000
Estimated annual effective tax rate	34%	30%	36%

Required:

Determine the income tax expense to be reported in the income statement in each of the three quarterly reports.

	First Quarter	Second Quarter	Third Quarter
Cumulative income before Taxes	$54,000	$98,000	$202,000
Estimated Annual Effective Tax Rate	34%	30%	36%
	18,360	29,400	72,700
Less: income tax reported earlier
Tax Expenses to be Reported