NutraLabs, Incorporated, leased a protein analyzer to Werner Chemical, Incorporated, on September $30,2024.$What pretax amounts related to the lease would NutraLabs report in its statement of cash flows for the year ended December $31,2024?$

Note: Round your intermediate and final answers to nearest whole dollar. Enter your answers in whole dollars.

Interest portion $$104,572$selected answer incorrect cash inflows from operating activitiesselected answer correct

Principal portion not attempted cash inflows from financing activitiesselected answer incorrect

Lease $$414,389$selected answer incorrect significant noncash investing activityselected answer correct

NutraLabs manufactured the machine at a cost of $$5\mathrm{.}35$ million.

The five$-$year lease agreement calls for Werner to make quarterly lease payments of $$414,389,$ payable each September $30,$ December $31,$ March $31,$ and June $30,$ with the first payment on September $30,2024.$

NutraLabs$$ implicit interest rate is $16\%.$

The useful life of the equipment is five years.

Note: Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Required:

Determine the price at which NutraLabs is $$selling$$ the equipment $($present value of the lease payments$)$ on September $30,2024.$

What pretax amounts related to the lease would NutraLabs report in its balance sheet on December $31,2024?$

What pretax amounts related to the lease would NutraLabs report in its income statement for the year ended December $31,2024?$

What pretax amounts related to the lease would NutraLabs report in its statement of cash flows for the year ended December $31,2024?$What pretax amounts related to the lease would NutraLabs report in its statement of cash flows for the year ended December $31,2024?$

Note: Round your intermediate and final answers to nearest whole dollar. Enter your answers in whole dollars.

Interest portion $$104,572$selected answer incorrect cash inflows from operating activitiesselected answer correct

Principal portion not attempted cash inflows from financing activitiesselected answer incorrect

Lease $$414,389$selected answer incorrect significant noncash investing activityselected answer correct