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Solaris Corporation prepared the following estimates for the four quarters of theimuwanc.under Additional Information - First-quarter administrative costs include the $170.000 annual insurance premium. -

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Solaris Corporation prepared the following estimates for the four quarters of theimuwanc.under Additional Information - First-quarter administrative costs include the $170.000 annual insurance premium. - Advertising costs paid in the second quarter relate to television advertisements that will be broadcast throughout the entire yeat. - 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 not vary from the estimates provided, determine the amount of net income to be reported each quarter of the currentyear, b. Assume that actual results do not vary from the estimates provided except for that in the therd quarter, the estimated annual effective income tax rate is revised downward to 22 percent Detemine the amount of net income to be reported each quater of the currentyear

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