Correct the wrong answer and give the steps

Solaris Corporation prepared the following estimates for the four quarters of the current year: First Quarter $ 1,350,000 440,000 470,000 0 0 0 72,000 Sales Cost of goods sold Administrative costs Advertising costs Executive bonuses Provision for bad debts Annual maintenance costs Second Quarter 1,620,000 520,000 265,000 180,000 0 Third Quarter 1,890,000 590,000 270,000 O O O O O O Fourth Quarter $ 2,160,000 640,000 280,000 0 92,000 54,000 0 0 0 Additional Information . First-quarter administrative costs include the $150,000 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. . 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 income tax rate is revised downward to 22 percent. Determine the amount of net income to be reported each quarter of the current year. Answer is complete but not entirely correct. Period Net Income $ 339,750 523,500 a. 1st Quarter 2nd Quarter 3rd Quarter 669,750 827,250 4th Quarter b. 1st Quarter $ 339,750 2nd Quarter 3rd Quarter 523,500 696,540 X 860,340 4th Quarter