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30 September 2021 Utilization asset (calculated below) 2,400,000 Paid in Lease (calculated below) 2,400,000 in Lease Amounts Due 156,619 156,619 in cash (first installment) the
30 September 2021 Utilization asset (calculated below) 2,400,000 Paid in Lease (calculated below) 2,400,000 in Lease Amounts Due 156,619 156,619 in cash (first installment) the present value of lease payments is determined $156,619 15.3238* = $2,400,000 (rounded) (rounded) *Annuity due at present value of $1: n = 20, I = 3% What would Wilson report in its statement of cash flows for the fiscal year ending December 31, 2021 as the pretax amounts related to the lease?
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