Table:
|  | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total |
| --- | --- | --- | --- | --- | --- |
|  |  |  | (Dollars in millions, except per share amounts) |  |  |
| 2019 |  |  |  |  |  |
| Operating revenue | $5,647 | 5,578 | 5,606 | 5,570 | 22,401 |
| Operating (loss) income | (5,499) | 976 | 950 | 847 | (2,726) |
| Net (loss) income | (6,165) | 371 | 302 | 223 | (5,269) |
| Basic (loss) earnings per common share | (5.77) | 0.35 | 0.28 | 0.21 | (4.92) |
| Diluted (loss) earnings per common share | (5.77) | 0.35 | 0.28 | 0.21 | (4.92) |
| 2018 |  |  |  |  |  |
| Operating revenue | $5,945 | 5,902 | 5,818 | 5,778 | 23,443 |
| Operating income (loss) | 750 | 767 | 894 | (1,841) | 570 |
| Net income (loss) | 115 | 292 | 272 | (2,412) | (1,733) |
| Basic earnings (loss) per common share | 0.11 | 0.27 | 0.25 | (2.26) | (1.63) |
| Diluted earnings (loss) per common share | 0.11 | 0.27 | 0.25 | (2.26) | (1.63) |
Paragraphs:
(18) Quarterly Financial Data (Unaudited)
During the first quarter of 2019, we recorded a non-cash, non-tax-deductible goodwill impairment charge of $6.5 billion for goodwill, see Note 4—Goodwill, Customer Relationships and Other Intangible Assets for further details.
During the fourth quarter of 2018, we recorded a non-cash, non-tax-deductible goodwill impairment charge of $2.7 billion for goodwill see Note 4—Goodwill, Customer Relationships and Other Intangible Assets for further details.
During the first quarter of 2018, we recognized $71 million of expenses related to our acquisition of Level 3 followed by acquisition-related expenses of $162 million, $43 million and $117 million in the second, third and fourth quarters of 2018, respectively. During 2019, we recognized expenses related to our acquisition of Level 3 of $34 million, $39 million, $38 million and $123 million in the first, second, third and fourth quarters of 2019, respectively.
Question:
What is the average quarterly amount of expenses related to the acquisition of Level 3 recorded in 2019?
Answer: (34+39+38+123)/4 = 58.5