In the Current Year, Auto Rent Corporation Reported the Following

In the current year, Auto Rent Corporation reported the following taxable income at the end of its first, second, and third quarters: $$\begin{array} { | l | r | } \hline \text { Fair market value of stock received } & \$ 400,000 \\\hline \text { Cash received trom Paper Lilies } & 50,000 \\\hline \text { Amount realiz ed } & \$ 450,000 \\\hline \text {-Adjusted tax basis of the property transterred } & 200,000 \\\hline \text { Gain realized } & \$ 250,000 \\\hline\end{array}$$ What amount of estimated tax payments would Auto Rent pay each quarter in order to avoid estimated tax penalties under the annualized income method of computing estimated tax payments?

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First quarter $510,000; ($1,500,000 × 4 ...

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