On January 15, 2021, Vancey Company paid property taxes on its factory building for the calendar year 2021 in the amount of $1,080,000. In the first week of April 2021, Vancey made unanticipated major repairs to its plant equipment at a cost of $2,700,000. These repairs will benefit operations for the remainder of the calendar year. How should these expenses be reflected in Vancey's quarterly income statements
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