Shields Company is preparing its interim report for the second quarter ending June 30. The following payments were made during the first two quarters: Expenditure Date Amount Annual advertising January $ 860,000 Property tax for the fiscal year February 410,000 Annual equipment repairs March 320,000 One-time research and development fee to consultant May 111,000 Required: For each expenditure, indicate the amount that would be reported in the quarterly income statements for the periods ending March 31, June 30, September 30, and December 31.

Shields Company is preparing its interim report for the second quarter ending June 30. The following payments were made during the first two quarters:

Expenditure	Date	Amount
Annual advertising	January	$ 860,000
Property tax for the fiscal year	February	410,000
Annual equipment repairs	March	320,000
One-time research and development fee to consultant	May	111,000

Required:

For each expenditure, indicate the amount that would be reported in the quarterly income statements for the periods ending March 31, June 30, September 30, and December 31.