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 $604,152 over a four-year lease term (also the asset'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 10%, the same rate IC used to calculate lease payment amounts. IC purchased the equipment from Builders, Inc. at a cost of $4.1 million. (FV of \$1. PY of S1. EVA of S1. PVA of S1. EVAD of \$1 and PVAD of \$1) (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 31,2021 ? (For all requirements, enter your answers in whole dollors and not in millions. Round your final answers to the nearest whole dollar.)