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

First Quarter Second Quarter Third Quarter Fourth Quarter

Sales $ 1,100,000 $ 1,320,000 $ 1,540,000 $ 1,760,000

Cost of goods sold 410,000 490,000 560,000 610,000

Administrative costs 270,000 165,000 170,000 180,000

Advertising costs 0 140,000 0 0

Executive bonuses 0 0 0 60,000

Provision for bad debts 0 0 0 56,000

Annual maintenance costs 64,000 0 0 0

Additional Information First-quarter administrative costs include the $120,000 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. a. Assuming that actual results do not vary from the estimates provided, determine the amount of net income to be reported each quarter of the current year.