Solaris Corporation prepared the following estimates for the four quarters of the current year:- Additional Information - First-quarter administrative costs inchude the $140,000 annual insurance premium - Advertising costs paid in the second quarter relate to television advertisements that wil 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. a. Assuming that actual results do nor vary from the estimates provided, determine the amount of net income to be reported each quarter of the current yoar. b. Assume that actual results do not vary from the estimates provided except for that in the third quarter, the estimated annual etfective income tax rate is revised downward to 22 percent. Determine the amount of net income to be reported eoch quarter of the current yeat - First-quarter administrative costs include the $140,000 annual insurance premium - Advertising costs poid in the second quarter relote to television advertisements that will be broadcast throughout the entire yeat - No special items affect income during the year. - The comparry estimates an effective income tax rate for the yoar of 25 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 b. Assume that actual results do not vary from the estimates provided except for that in the third quarter, the estimated annual effective incorne tax rate is fevised downward to 22 percent. Determine the amount of net income to be reported each quarter of the current yeat