McGraw-Hill's Taxation of Business Entities 3rd Edition by Connie Weaver, Brian Spilker, Edmund Outslay, John Robinson, Ronald Worsham, Benjamin Ayers, John Barrick

Exercise 86

For the current year, LNS corporation reported the following taxable income at the end of its first, second, and third quarters. What are LNS's minimum first, second, third, and fourth quarter estimated tax payments determined using the annualized income method