Valentino Yacht Supply has assets valued at $$1\mathrm{.}2$ million and liabilities of $$\mathrm{.}98$ million. The firm wants to obtain new equipment via a capital lease. The equipment costs $$200,000$ and the present value of the lease payments is $$175,000.$ With the lease, the firm$$s balance sheet will show assets of $\_\_\_\_$ and liabilities of $\_\_\_\_.$