Hello: Please see below problem, i am stuck, can you please help?

Required information [The foii'owing information aopi'ies to the questions dismayed oeiowj XYZ is a calendaryear corporation that began business on Januaryr 1, 2020- For the yea r, it reported the following information in its currentyear audited income statement. Notes with important tax information are provided below. Use Exhibit 166. XYZ corp. Income statement Book For current year Income Revenue from sales $ 40, 000, 900 Cost of Goods Sold (27, 000, 000) Gross profit $ 13, 000, 000 Other income: Income from investment in corporate stock 300, 9001 Interest income 20, 0002 Capital gains (losses) (4,000) Gain or loss from disposition of fixed assets 3,0003 Miscellaneous income 50, 000 Gross Income $ 13, 369, 900 Expenses : Compensation (7,500, 000) 4 Stock option compensation (200, 000) 5 Advertising (1, 350, 000 ) Repairs and Maintenance (75, 000) Rent (22,000) Bad Debt expense (41, 900) 6 Depreciation (1, 400, 000) 7 Warranty expenses (70,000) 8 Charitable donations (500, 000) 9 Meals (18,900) Goodwill impairment (30, 000) 10 Organizational expenditures (44,900 ) 11 Other expenses (140, 000 ) 12 Total expenses $ (11, 390, 000 Income before taxes $ 1, 979,900 Provision for income taxes (400, 000) 13 Net Income after taxes $ 1, 579,9001. XYZ owns 30 percent of the outstanding Hobble Corp. [HC] stock. Hobble Corp- reported $1,000,000 of income for the year. XYZ accounted for its investment in HE under the equity method, and it recorded its pro rata share of HC's earnings for the year. HE: also distributed a $200,000 dividend to XYZ. 2. Of the $20,000 interest income, $5,000 was from a lEIity of Seattle bond, $2,000 was from a Tacoma City bond, $5,000 was from a fully taxable corporate bond, and the remaining $2,000 was from a money market accounL 3. This gain is from equipment that XYZ purchased in February and sold in December [i.e., it does not qualify as 31231 gain}- 4. This includes total officer compensation of $2,500,000 [no one officer received more than $1,000,000 compensation}. 5. This amount is the portion of incentive stock option compensation that was expensed during the year [recipients are officers}. 6. XYZ actually wrote off $22,000 of its accounts receivable as uncollectible. 7". Tax depreciation was $1,900,000. 8. In the current year, XYZ did not make any actual payments on warranties it provided to customers. '3. XYZ made $500,000 of cash contributions to qualified charities during the year. XYZ did not elect to use the 25% of modified taxable income limitation to determine its charitable contribution deduction. 10. On July 1 of this year XYZ acquired the assets of another business. In the process, it acquired $300,000 of goodwill. At the end of the year, X'r'Z wrote off $30,000 of the goodwill as impaired. 11. XYZ expensed all of its organizational expenditures for book purposes. XYZ expensed the maximum amount of organizational expenditures allowed for tax purposes. 12. The other expenses do not contain any items with booktax differences. 13. This is an estimated tax provision [federal tax expense} for the year. Assume that XYZ is not subject to state income taxes- Estimated tax information: XYZ made four equal estimated tax payments totaling $360,000 ($90,000 per quarter). For purposes of estimated tax liabilities, assume XYZ was in existence in 2019 and that in 2019 it reported a tax liability of $500,000. During 2020, XYZ determined its taxable income at the end of each of the four quarters as follows: Cumulative taxable Quarter-end income (loss ) First 400, 900 Second $ 1, 100, 900 Third $ 1, 400, 900 Finally, assume that XYZ is not a large corporation for purposes of estimated tax calculations. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.)e. Determine the quarters for which XYZ is subject to underpayment of estimated tax penalties. (Round "Annualization Factor" for Fourth quarter to 2 decimal places.) (1) Required cumulative (2) Estimated tax (3) Required payment based on (4) Required Installment payment (per payment under current year tax cumulative (5) Actual Underpayment quarter) under prior annualized method payments year tax method liability payment penalty 1st quarter 2nd quarter 3rd quarter 4th quarter