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cant figure this out. thank you!!! Problem 15-30 Sales-type lease; lessor; financial statement effects (LO15-3, 15-8] NutraLabs, Inc., leased a protein analyzer to Werner Chemical,

cant figure this out. thank you!!!image text in transcribedimage text in transcribedimage text in transcribed

Problem 15-30 Sales-type lease; lessor; financial statement effects (LO15-3, 15-8] NutraLabs, Inc., leased a protein analyzer to Werner Chemical, Inc., on September 30, 2018. NutraLabs manufactured the machine at a cost of $4.2 million. The five-year lease agreement calls for Werner to make quarterly lease payments of $349,131, payable each September 30, December 31, March 31, June 30, with the first payment at September 30, 2018. NutraLabs' implicit interest rate is 8%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price at which NutraLabs is "selling" the equipment (present value of the lease payments) at September 30, 2018. 2. What pretax amounts related to the lease would NutraLabs report in its balance sheet at December 31, 2018? 3. What pretax amounts related to the lease would NutraLabs report in its income statement for the year ended December 31, 2018? 4. What pretax amounts related to the lease would NutraLabs report in its statement of cash flows for the year ended December 31, 2018? 2. What pretax amounts related to the lease would NutraLabs report in its balance sheet at December 31, 2018? 3. What pretax amounts related to the lease would NutraLabs report in its income statement for the year ended December 31, 2018? 4. What pretax amounts related to the lease would NutraLabs report in its statement of cash flows for the year ended December 31, 2018? Complete this question by entering your answers in the tabs below. Req 1 to 3 Req 4 Determine the price at which NutraLabs is "selling" the equipment (present value of the lease payments) at September 30, 2018. What pretax amounts related to the lease would NutraLabs report in its balance sheet at December 31, 2018? What pretax amounts related to the lease would NutraLabs report in its income statement for the year ended December 31, 2018? (Round your intermediate and final answers to nearest whole dollar.) Show less 1. Present value Net receivable Income effect $ $ $ 5,822,967 5,124,705 698,262 % 3. Required! 1. Determine the price at which NutraLabs is "selling" the equipment (present value of the lease payments) at September 30, 2018. 2. What pretax amounts related to the lease would NutraLabs report in its balance sheet at December 31, 2018? 3. What pretax amounts related to the lease would NutraLabs report in its income statement for the year ended December 31, 2018? 4. What pretax amounts related to the lease would NutraLabs report in its statement of cash flows for the year ended December 31, 2018? Complete this question by entering your answers in the tabs below. Req 1 to 3 Reg 4 What pretax amounts related to the lease would NutraLabs report in its statement of cash flows for the year ended December 31, 2018? (Round your intermediate and final answers to nearest whole dollar.) $ 228,265 Interest revenue Lease cash inflows from investing activities cash inflows from financing activities receivable $469,997 X Req 1 to 3 Req4) Problem 15-30 Sales-type lease; lessor; financial statement effects (LO15-3, 15-8] NutraLabs, Inc., leased a protein analyzer to Werner Chemical, Inc., on September 30, 2018. NutraLabs manufactured the machine at a cost of $4.2 million. The five-year lease agreement calls for Werner to make quarterly lease payments of $349,131, payable each September 30, December 31, March 31, June 30, with the first payment at September 30, 2018. NutraLabs' implicit interest rate is 8%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price at which NutraLabs is "selling" the equipment (present value of the lease payments) at September 30, 2018. 2. What pretax amounts related to the lease would NutraLabs report in its balance sheet at December 31, 2018? 3. What pretax amounts related to the lease would NutraLabs report in its income statement for the year ended December 31, 2018? 4. What pretax amounts related to the lease would NutraLabs report in its statement of cash flows for the year ended December 31, 2018? 2. What pretax amounts related to the lease would NutraLabs report in its balance sheet at December 31, 2018? 3. What pretax amounts related to the lease would NutraLabs report in its income statement for the year ended December 31, 2018? 4. What pretax amounts related to the lease would NutraLabs report in its statement of cash flows for the year ended December 31, 2018? Complete this question by entering your answers in the tabs below. Req 1 to 3 Req 4 Determine the price at which NutraLabs is "selling" the equipment (present value of the lease payments) at September 30, 2018. What pretax amounts related to the lease would NutraLabs report in its balance sheet at December 31, 2018? What pretax amounts related to the lease would NutraLabs report in its income statement for the year ended December 31, 2018? (Round your intermediate and final answers to nearest whole dollar.) Show less 1. Present value Net receivable Income effect $ $ $ 5,822,967 5,124,705 698,262 % 3. Required! 1. Determine the price at which NutraLabs is "selling" the equipment (present value of the lease payments) at September 30, 2018. 2. What pretax amounts related to the lease would NutraLabs report in its balance sheet at December 31, 2018? 3. What pretax amounts related to the lease would NutraLabs report in its income statement for the year ended December 31, 2018? 4. What pretax amounts related to the lease would NutraLabs report in its statement of cash flows for the year ended December 31, 2018? Complete this question by entering your answers in the tabs below. Req 1 to 3 Reg 4 What pretax amounts related to the lease would NutraLabs report in its statement of cash flows for the year ended December 31, 2018? (Round your intermediate and final answers to nearest whole dollar.) $ 228,265 Interest revenue Lease cash inflows from investing activities cash inflows from financing activities receivable $469,997 X Req 1 to 3 Req4)

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