Teal, Inc. is a company that manufactures and sells a single product. Unit sales for each of the four quarters of 2020 are projected as follows.

Quarter		Units
First		75,200
Second		141,000
Third		517,000
Fourth		112,800
Annual total		846,000

Teal incurs variable manufacturing costs of $0.40 per unit and variable nonmanufacturing costs of $0.40 per unit. Teal will incur fixed manufacturing costs of $676,800 and fixed nonmanufacturing costs of $1,015,200. Teal will sell its product for $4 per unit.

(a)

Determine the amount of net income Teal will report in each of the four quarters of 2020, assuming actual sales are as projected and employing the integral approach to interim financial reporting. (Ignore income taxes.) Repeat the analysis under the discrete approach. (Round answers to 0 decimal places, e.g. 5,125.)

		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Net income (Integral Approach)		$		$		$		$
Net income (Discrete Approach)		$		$		$		$