Shields Company is preparing its interim report for the second quarter ending June 30. The following payments were made during the first two quarters: Expenditure Annual advertising Property tax for the fiscal year Annual equipment repairs One-time research and development fee to consultant Advertising Property tax Equipment repairs Research and development Required: For each expenditure, indicate the amount that would be reported in the quarterly income statements for the periods ending March 31, June 30, September 30, and December 31. March 31 Quarters Ending Date January February March May June 30 Amount $876,000 426,000 336,000 115,000 September 30 December 31

Shields Company is preparing its interim report for the second quarter ending June 30 . The following payments were made during the first two quarters: Required: For each expenditure, indicate the amount that would be reported in the quarterly income statements for the periods ending March 31. June 30, September 30, and December 31