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

Quarter

First Second Third

Income before income taxes $ 69,000 $ 59,000 $ 119,000

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.

Cumalative income before taxes ? 1st 2nd 3rd

Estimated annual effective tax rate ? 1st 2nd 3rd

Less: Income tax reported earlier? 1st 2nd 3rd

Tax Expense to be reported $ $ $