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NutraLabs, Inc., at a cost of $5.8 million. The five-year lease agreement calls for Werner to make quarterly lease payments of $347.754 payable each September

NutraLabs, Inc., at a cost of $5.8 million. The five-year lease agreement calls for Werner to make quarterly lease payments of $347.754 payable each September 30, December 31, March 31, and June 30, with the first payment at September 30, 2021 Abbott's implicit interest rate is 8% The useful life of the equipment is five years (FV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of 51) (Use appropriate factor(s) from the tables provided.) Required: 1. What pretax amounts related to the lease would Abbott report in its balance sheet at December 31, 2021? 2. What pretax amounts related to the lease would Abbott report in its income statement for the year ended December 31, 2021? 3. What pretax amounts related to the lease would Abbott report in its statement of cash flows for the year ended December 31, 2021? Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 What pretax amounts related to the lease would Abbott report in its balance sheet at December 31, 2021 and income statement for the year ended December 31, 20217 (Enter your answer in whole dollars. Round your intermediate and final answers to nearest whole dollar) 1 Lease receivable 2 Interest revenue What pretax amounts related to the lease would Abbott report in its statement of cash flows for the year ended December 31, 2021? (Enter your answer in whole dollars. Round your intermediate and final answers to nearest whole dollar.) Finance lease Interest portion Principal portion

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