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$ million.

The five$-$year lease agreement calls for Werner to make quarterly lease payments of $$326,290,$ payable each September $30,$ December $31,$ March $31,$ and June $30,$ with the first payment on September $30,2024.$

AbbotWhat 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 $31,2024?$t$\text{'}$s implicit interest rate is $12\%.$ The useful life of the equipment is five years.