Solaris Corporation prepared the following estimates for the four quarters of the current year: First Quarter Second Quarter Third Quarter Fourth Quarter Sales $ 1,600,000 $ 1,920,000 $ 2,240,000 $ 2,560,000 Cost of goods sold 460,000 540,000 610,000 660,000 Administrative costs 370,000 215,000 220,000 230,000 Advertising costs 0 100,000 0 0 Executive bonuses 0 0 0 100,000 Provision for bad debts 0 0 0 76,000 Annual maintenance costs 84,000 0 0 0 Additional Information First-quarter administrative costs include the $110,000 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. 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.