Problem 5-50 (LO 5-3) [The following information applies to the questions displayed below.) Last year, TBA Corporation, a calendar-year taxpayer, reported a tax liability of $100,000. TBA confidently anticipates a current-year tax liability of $240,000. What minimum estimated tax payments should TBA make for the first second, third, and fourth quarters, respectively (ignore the annualized income method), assuming the following: (Leave no answer blank. Enter zero if applicable. Input all your answers as positive numbers.) Problem 5-50 Part a a. TBA is not considered to be a large corporation for estimated tax purposes. Installment Estimated Tax Liability Percentage of Tax Required To Be Paid Required Cumulative Payment Prior Cumulative Payments Required Estimated Tax Payment First quarter Second quarter Third quarter Fourth quarter Problem 5-50 Part b b. TBA is considered to be a large corporation for estimated tax purposes. Installment Estimated Tax Liability Percentage of Tax Required To Be Paid Required Cumulative Payment Prior Cumulative Payments Required Estimated Tax Payment First quarter Second quarter Third quarter Fourth quarter