E 15-5 Sales-type lease lessor; balance sheet and income statement effects LO15-3 On June 30, 2018, Georgia Atlantic, Inc. leased warehouse equipment from Builders, Inc. The case w calls for Georgia-Atlantic to make semiannual lease payments of $562.907 over a three-year lease each June 30 and December 31, with the first payment at June 30, 2018. Georgia Atlantic's incrementar rate is 10, the same rate Builders used to calculate lease payment amounts. Builders manufactured the at a cost of $2.5 million, Required: Determine the price at which Builders is-selling" the equipment (present value of the lease paymemasa June 30, 2018 (to the nearest S000). 2. What amounts related to the lease would Builders report in its balance sheet at December 31, 2018 3. What amounts related to the lease would Builders report in its income statement for the year ended Decento 2018 (ignore taxes)