NutraLabs, Incorporated, leased a protein analyzer to Werner Chemical, Incorporated, on September $30,2024.$

NutraLabs manufactured the machine at a cost of $$4\mathrm{.}85$ million.

The five$-$year lease agreement calls for Werner to make quarterly lease payments of $$375,234,$ payable each September $30,$ December $31,$ March $31,$ and June $30,$ with the first payment on September $30,2024.$

NutraLabs' implicit interest rate is $8\%.$

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 $31,2024?$

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$)$ on September $30,2024.$

What pretax amounts related to the lease would NutraLabs reoort in its balance sheet on December $31.2024?$

Prey

$4$ of $4$

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