Solaris Corporation prepared the following estimates for the four quarters of the current year. Third Second Quarter Quarter $1,925,000 Sales Cast of goods sold Administrative costs Advertising costs Executive bonuses Provision for bad debts Annual maintenance costs First Quarter $1,375,000 $1,650,000 442,000 460,000 0 0 0 70,000 522,000 260,000 160,000 0 0 0 592,000 265,000 0 0 0 Fourth Quarter $2,200,000 642,000 275,000 0 88,000 52,000 0 Additional Information First-quarter administrative costs include the $200,000 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