Exercise 15.5 (Algo) Sales-type lease; lessor; balance sheet and income statement effects [LO15-3] On June 30, 2024, Georgia-Atlantic, Incorporated leased warehouse equipment from Bullders, Incorporated The lease agreement calls for Georgia-Atlantic to make semiannual lease payments of $545.210 over a 4 -year lease term (aiso the asset's usefut iffe). payable each June 30 and December 31 , with the first payment on June 30,2024 . Georgia-Atlantic's incremental borrowing rate is 100%, the same rate Builders used to calculate lease payment amounts. Bulders manufactured the equipment ot a cost of $32million Note: Use tabies, Excel, or a financial calculator. (EV of S1. PV of S1. EVA of S1, PVA of S1. FVAD of \$1 and PVAD of (S1) Required: 1. Determine the price at which Buliders is "seling" the equipment (present value of the lease payments) on June 30, 2024 2. What amount related to the lease would Builders report in its balance sheet on December 31,2024 (ignore taxes)? 3. What line item amounts related to the lease would Buliders report in its income stotement for the year ended December 31, 2024 (ignore toves)? Note: For all requirements, enter your answers in whole dollars and not in millions. Round the intermediate calculation and final answers to the nearest whole dollar