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On June 30, 2021, Georgia Atlantic, Inc. leased warehouse equipment from IC Leasing Corporation. The lease agreement calls for Georgia Atlantic to make semiannual lease

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On June 30, 2021, Georgia Atlantic, Inc. leased warehouse equipment from IC Leasing Corporation. The lease agreement calls for Georgia Atlantic to make semiannual lease payments of $486,146 over a four year lease term also the awet's useful life payable each June 30 and December 31, with the first payment at June 30, 2021. Georgia Atlantic's incremental borrowing rate is 12, the some rote I used to calculate lease payment amounts. I purchased the equipment from Builders, Inc. at a cost of 532 milion of 51. PV. of $1. EVA of S1. PVA of 51. EVAD S1 and PVAD S1) (Use appropriate factor(s) from the tables provided) Required: 1. What pretax amount related to the lease would IC report in its balance sheet at December 31, 2021 2. What pretax amount related to the lease would IC report in its income statement for the year ended December 31, 20217 (For all requirements, enter your answers in whole dollars and not in millions. Round your final answers to the nearest whole dollar.) 1 Pretax amount of not receivable Pretax amount of interest revenue 2 TABLE 1 Future Value of $1 FV = $1(1+1 60% 7:04 3.09 9.09 10.05 10. 100000 1.12100 107000 100000 114490 116610 1.096 1.5% 2.05 259 1.04 3.596 4,055 4596 5.09% 5.546 1101000101500 102000 102500 103000 103500 104000 101500105000 1.05500 21.02010 101022 106010 105058 106090 1.07123108160109205 1.10350 111103 31.03030 104566 1.00121 107679 1072.73 110872 1.12486 114117 115765 117424 4101060 106130 10343 110381 112551 184752 118 119251 121551 123887 5 1.05101 1.07728 1.10105 1.13141 15927 118709 121065 124018 1.27028 1.300 11 111000 12110 136761 12.04 1 12000 125440 140193 09000 LEO 1.29503 141156 1.562 1 1910 126245 1381 10000 1.21000 133700 146410 1.61051 120000 144000 17200 207300 1.23504 31050 1.49255 1.15971 1.36049 1518 1.57352 114214 140935 118505 140 1670 PELLE 150073 16057 171819 0.100152 1.09344 112016 1999 1.19405 122926 126112 110226 1.54010 1.37584 71072141094 114609 L12297 mm 139 160 1.40710145100 10363 # 1026 112649 117166 121840120077 131011 1.36857 147210 147746 1.540 1595 9 1099 114399 1.1909 124186 1301771.16290 142331 143010155133 161909 1404 10 1.10462110054 121190 128008 142 141000 148074155291 169 1414 1.045 2016! 15867 171182 185093 199900 2118 1.60 1.356 217189 31714 187041 2018 2.30454 2.5504 210 1.72 33106 2.67590 27730 214999 235795 2014 2 1118 47982 513970 61914 1967 BLOSS 3.15110 4 4900 ME 74300 916D 10.30 11 111567 117795 133 13110911823 14599 INS 16935171094 10200 MO 2.1045 233164 16013 2012 1211201 119562 116874 1349 142576 15110 100101 1958 1956 1.9121 2017022521925181 71 110 13 1 130 121355 129301 13751 146153 156 164507 7720 1885 200171 31 240055 10650 341232 14 11494712316 31948 141297 151259 11 1731681194 1979932.11600 2260903572 295710 334123 3.750 15 1160 1.2503334567 144850 15577 167535 160094 19538 20791 22948 25 2001 117217 34448 417725 13 31041 4.75499 GEDE 11 LEOS TIET 2000FSI 140594 370007 16 117358 126199 137279 148451 160471 1739 1.87398 202222.1827 2.35526 2.54595 17 1 16450 128802 1.40024 152162 16528 179465 1790211558 2.29201 20200277 18 1.19615 130754 142625 1.55706 170243 165749 2.02562 220148 2.40652 262147 285434 19 1.20511132695 145681159865 1.75351 192250 210655 2.30786 232095 2.70565 300500 20 1.22019 34636 143595 163862 1-0011 1.98979219112 24117 2053 2.917 320714 295210 SI 3337993 361653 . 399603 4115 40 197031 450) 3310 & 10 437163 054475.89509 61001 471712 5.55992 6.54355 76697 3.14100 61159 2014 2012 672750 1033 96465 211311 162333 31 9300 1833700 9115339 13670 151567 1.67958 1.6029 203943 2.27877 252024 2.78556 307823 3.39956 414056 50330 610611 740025 T 1030385 600911 25 126243145095 164061 1 5394 2.09378 236334 266554 3.0050 336635380319 42917 5.4970 63454 08 1083471 13.5354617.0000 5533 301_34785156308 1B11 36 209757 242726 2.806793.24340 3.74532432194 4.98.995 5734 761226100660 126761 17.44940 22.92029999 IN 40 1486 181402 2.0104 248506 3.26204 395920 410102 581636 709999.51331 10.28572 149748 3172405140934516 65.0007 90509 140 m

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