Abbott Equipment leased a protein analyzer to Werner Chemical, Incorporated, on September $30,2024.$

Abbott purchased the machine from NutraLabs, Incorporated, at a cost of $$5\mathrm{.}2$ million.

The five$-$year lease agreement calls for Werner to make quarterly lease payments of $$367,909,$ payable each September $30,$ December $31,$ March $31,$ and June $30,$ with the first payment on September $30,2024.$

Abbott's implicit interest rate is $16\%.$ The useful life of the equipment is five years.

Note: Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Required:

What pretax amounts related to the lease would Abbott report in its balance sheet on December $31,2024?$

What pretax amounts related to the lease would Abbott report in its income statement for the year ended December $31,2024?$

What pretax amounts related to the lease would Abbott report in its statement of cash flows for the year ended December $31,2024?$Abbott Equipment leased a protein analyzer to Werner Chemical, Incorporated, on September $30,2024.$

Abbott purchased the machine from NutraLabs, Incorporated, at a cost of $$5\mathrm{.}2$ million.

The five$-$year lease agreement calls for Werner to make quarterly lease payments of $$367,909,$ payable each September $30,$

December $31,$ March $31,$ and June $30,$ with the first payment on September $30,2024.$

Abbott's implicit interest rate is $16\%.$ The useful life of the equipment is five years.

Note: Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$PVA of $$1,$FVAD of $$1$ and PVAD of $$1)$

Required:

What pretax amounts related to the lease would Abbott report in its balance sheet on December $31,2024?$

What pretax amounts related to the lease would Abbott report in its income statement for the year ended December $31,2024?$

What pretax amounts related to the lease would Abbott report in its statement of cash flows for the year ended December $31,$

$2024?$

Complete this question by entering your answers in the tabs below.

Req $1$ and $2$

What pretax amounts related to the lease would Abbott report in its statement of cash flows for the year ended December $31,$

$2024?$

Note: Note: Enter your answers in whole dollars and not in millions of dollars. Round your intermediate and final answers to

nearest whole dollar.

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