I need help trying to solve this problem. Please provide your explanations neatly and clearly or have them typed out. I would greatly appreciate it. Thank you.

Note: this problem is in a scenario taking place in the US.

In the current year, Auto Rent Corporation reported the following taxable income at the end of its first, second, and third quarters: (Use Exhibit 16-10) Quarter Cumulative Taxable Income

First $ 2,000,000

Second $ 3,000,000

Third $ 3,700,000

What amount of estimated tax payments would Auto Rent pay each quarter to avoid estimated tax penalties under the annualized income method of computing estimated tax payments?