On June 30, 2021, Georgia-Atlantic, Inc, leased a warehouse equipment from IC Leasing Corporation. The lease agreement calls for Georgia-Atlantic to make semiannual lease payments of $414.415 over a five-year lease term. payable each June 30 and December 31 , With the first payment at June 30,2021 . Georgia-Atlantic's incremental borrowing rate is 10%, the same rate IC uses to calculate lease payment amounts. Amortization is recorded on a straight-line basis at the end of each fiscal year. The fair value of the equipment is \$3.4 million. (FV of \$1. PV of \$1. EVA of \$1. PVA of \$1. EVAD of \$1 and PVAD of \$1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the present value of the lease payments at June 30,2021 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 31,2021 ? 3. What pretax amounts related to the lease would Georgia-Atlantic report in its income statement for the year endechpecember 31 . 20213 (For all requirements, enter your onswers in whole dollars ond not in millions. Round your final answers to the nearest whole dollar.)