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 $562907 over a three-year lease term, payable each June 30 and December 31, with the first payment at June 30, 2018. Georgia-Atlantics incremental borrowing rate is 10%, the same rate IC uses to Calculate lease payment amounts. Depreciation is recorded on a straight-line basis at the end of each fiscal year. The fair value of the warehouse is $3 million. 1. Determine the present value of the lease payments at June 30, 2018 that Georgia- Atlantic uses to record the right-of-use asset and lease liability. 2. What pretax amounts related to the lease would georgia-atlantic report in its balance sheet at December 31, 2018?(Pretac amount for liability and right of use asset) 3. What pretax amounts related to the lease would Georgia-Atlantic report in its income statement for the year ended December 31,2018?(Pretax amount interest expense and amortization expense) 4. Pretax amount of net receivables? 5.Pretax amount of Interest Revenue?