On January 3, 2010, Emanuel Co $\text { Three Months Ended }$

On January 3, 2010, Emanuel Co.paid $60, 000 for insurance on its buildings for the calendar year 2010.In the first week of April 2010, the company made unanticipated major repairs to its equipment at a cost of $240, 000.These repairs benefited operations for the remainder of 2010.How should these expenses be reflected in Emanuel Co.'s quarterly income statements? $\text { Three Months Ended }$
$\begin{array}{llll}3/31&6/30&9/30&12/31\\\text { I. } \$ 15,000 & \$ 95,000 & \$ 95,000 & \$ 95,000 \\\text { II. } 60,000 & 240,000 & - & - \\\text { III. } 75,000 & 75,000 & 75,000 & 75,000 \\\text { IV. } 15,000 & 255,000 & 15,000 & 15,000\end{array}$

A) I
B) II
C) III
D) IV