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

Accounts First Quarter Second Quarter Third Quarter Fourth Quarter

Sales $ $1,275,000$ $ $1,530,000$ $ $1,785,000$ $ $2,040,000$

Cost of goods sold $434,000514,000584,000634,000$

Administrative costs $500,000280,000285,000295,000$

Advertising costs $0140,00000$

Executive bonuses $000104,000$

Provision for bad debts $00060,000$

Annual maintenance costs $78,000000$

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.

The company estimates an effective income tax rate for the year of $25$ percent.

Required:

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.

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 $22$ percent. Determine the amount of net income to be reported each quarter of the current year.