Noventis Corporation prepared the following estimates for the four quarters of the current year:

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Sales	$	1,425,000		$	1,710,000		$	1,995,000		$	2,280,000
Cost of goods sold		446,000			526,000			596,000			646,000
Administrative costs		440,000			250,000			255,000			265,000
Advertising costs		0			120,000			0			0
Executive bonuses		0			0			0			80,000
Provision for bad debts		0			0			0			90,000
Annual maintenance costs		66,000			0			0			0

Additional Information

• First-quarter administrative costs include the $180,000 annual insurance premium.
• Advertising costs paid in the second quarter relate to television advertisements that will be broadcast throughout the entire year.
• No special items affect income during the year.
• Noventis estimates an effective income tax rate for the year of 40 percent.

1. Assume that actual results do not vary from the estimates provided except for that in the third quarter, the estimated annual effective income tax rate is revised downward to 38 percent. Determine the amount of net income to be reported each quarter of the current year.

1st Qtr 351,000

2nd Qtr 480,000

3rd Qtr (I need help figuring out the 3rd Qtr only) Amount is not 38% * 606,000) Answers are not 641,400, 662780, 796,340 or 626,200) I have taken the differences between the 1st and 2nd Qtrs but my answer is still wrong.

4th Qtr 765,700