On June 30, 2021, Georgia-Atlantic, Inc. leased warehouse equipment from Bullders, Inc. The lease agreement calls for GeorglaAtlantic to make semiannual lease payments of $677,829 over a 4 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 10.0%, the same rate Buliders used to calculate lease payment amounts. Builders manufactured the equipment at a cost of $41 million. (EV of $1. PV of \$1. EVA of S1. PVA of S1. EVAD of \$1 and PVAD of \$1) (Use opproptiate factor(s) from the tobles provided.) Required: 1. Determine the price at which Builders is "selling" the equipment (present value of the lease payments) at June 30,2021 2. What amount related to the lease would Bulders report in its balance sheet at December 31, 2021 (ignore taxes)? 3. What line item amounts related to the lease would Bullders report in its income statement for the year ended December 31,2021 (ignore taxes)? (For all requirements, enter your answers in whole dollars and not in millions. Round your final answer to the nearest whole dollar.)