On June 30, 2018, Georgia-Atlantic, Inc, leased a warehouse facility from IC Leasing Corporation. The lease agreement calls for Georgia-Atlantic to make semiannual lease payments of $512,132 over a five-year lease term, payable each June 30 and December 31, with the first payment at June 30, 2018. Georgia Atlantics incremental borrowing rate is 8% the same rate ic uses to calculate lease nt amounts. Depreciation is recorded on a straight-line basis at the end of each fiscal year. The fair value of the warehouse is $43 (FV of $1, PV of 1, FVAof $1. PVAof $1, FVADof $1 and P AD 0 Use appropriete fector(s) from the tables provided.) Required: 1. Determine the present value of the lease payments at June 30, 2018 that Georgia-Atlantic uses to lease liability asset and 1943 2. What pretax amounts related to the lease would Georgia-Atantic report in its balance sheet at December 31,2018? 3. What pretax amounts related to the lease would Georgia-Atlantic report in its income statement for the year ended December 31, 2018? (For all requirements, enter your answers in whole dollars and not in millions. Round your final answer to nearest whole dollar.) 1 Present value 2. Pretax amount for liability Pretax amount for right-of-use asset 3. Pretax amount for interest expense Pretax amount for amortization expense