E 5-26 Shields Company is preparing its interim report for the second quarter ending June 30. The following

E 5-26 Shields Company is preparing its interim report for the second quarter ending June 30. The following


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:
Expenditure Date Amount Annual advertising January $800,000 Property tax for the fiscal year February 350,000 Annual equipment repairs March 260,000 Extraordinary casualty loss April 185,000 research and development May 96,000

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.