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Please help me solve this Werner Chemical, Inc., leased a protein analyzer on September 30, 2021. The five-year lease agreement calls for Werner to make

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Werner Chemical, Inc., leased a protein analyzer on September 30, 2021. The five-year lease agreement calls for Werner to make quarterly lease payments of $352,393, payable each September 30, December 31, March 31, and June 30, with the first payment at September 30, 2021. Werner's incremental borrowing rate is 12%. Amortization is recorded on a straight-line basis at the end of each fiscal year. The useful life of the equipment is five years. (FV of $1, PV of $1, EVA of $1, PVA of $1, FVAD 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 September 30, 2021. 2. What pretax amounts related to the lease would Werner report in its balance sheet at December 31, 2021? 3. What pretax amounts related to the lease would Werner report in its income statement for the year ended December 31, 2021? 4. What pretax amounts related to the lease would Werner report in its statement of cash flows for the year ended December 31, 2021?Req 1 to 3 Reg 4 Determine the present value of the lease payments at September 30, 2021. What pretax amounts related to the lease would Werner report in its balance sheet at December 31, 2021? What pretax amounts related to the lease would Werner report in its income statement for the year ended December 31, 2021? (Round your intermediate and final answers to nearest whole dollar.) Show less A 1. Present value of lease payments at Sept. 30, 2021: 2. Balance of lease liability at Dec. 31, 2021: Balance of right-of-use asset at Dec. 31, 2021: 3. Total expenses related to lease for the year ended Dec. 31, 2021:Req 1 to 3 Req 4 What pretax amounts related to the lease would Werner report in its statement of cash flows for the year ended December 31, 2021? (Round your intermediate and final answers to nearest whole dollar.) Finance lease Interest portion Principal portion

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