On June 30, 2018, Georgia-Atlantic, Inc, leased warehouse equipment from Builders, Inc. The lease agreement calls for Georgia- Atlantic to make semiannual lease payments of $545,210 over a 4-year lease term, payable each June 30 and December 31, with the first payment at June 30, 2018. Georgia-Atlantics incremental borrowing rate is 100%, the same rate Builders used to calculate lease payment amounts. Builders manufactured the equipment at a cost of $3.2 million. (FV of S1. PV of S1, FVA of S1. PVA of S1, EVAD ofs and PVAD of $) (Use appropriate factorts) from the tables provided.) 10 points Required: 1. Determine the price at which Builders is "selling the equipment (present value of the lease payments) at June 30, 2018 Book at amounts related to the lease would Builders report in its balance sheet at December 31, 2018 (ignore taxes)? What amounts related to the lease would Builders report in its income statement for the year ended December 31, 2018 (ignore Print taxes)? References (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 Amount to be reported in the balance shee 3. Amount to be reponed in the income statement