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R15 Leases 893 Abbott Equipment leased a protein analyzer to Werner Chemical, Inc. on September 30, 2018. Abbott purchased P16-29 e: the machine from Nutral.abs,

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R15 Leases 893 Abbott Equipment leased a protein analyzer to Werner Chemical, Inc. on September 30, 2018. Abbott purchased P16-29 e: the machine from Nutral.abs, Inc. at a cost of $6 million. The five-year lease agreement calls for Werner to make ilquarterly lease payments of $391,548, payable each September 30, December 31, March 31, and June 30, with essor; financial satement effects L015-2. L015-8 the first payment at September 30, 2018, Abbot's implicit interest rate is 12%. Required: 1. What pretax amounts related to the lease would Abbott report in its balance sheet at December 31, 2018 What pretax amounts related to the lease would Abbott report in its income statement for the year ended December 31, 2018? 2. 3. What pretax amounts related to the lease would Abbottreport in its satement of cash flows for the year ended December 31, 2018

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