Werner Chemical, Inc., leased a protein analyzer on September 30, 2013. The five-year lease agreement calls for Werner to make quarterly lease payments of $391,548, payable each September 30, December 31, March 31, June 30, with the first payment at September 30, 2013. Werner's incremental borrowing rate is 12%. Depreciation is recorded on a straight-line basis at the end of each fiscal year. The useful life of the equipment is five years. Use PVAD of $1. Required: 1. Determine the present value of the lease payments at September 30, 2013. (Round "PV Factor" to 5 decimal places and final answer to the nearest whole dollar amount.) Present value $ 2. What pretax amounts related to the lease would Werner report in its balance sheet at December 31, 2013? (Round "PV Factor" to 5 decimal places, intermediate and final answers to the nearest whole dollar amount.) Pretax amounts Liability $ Asset $ 3. What pretax amounts related to the lease would Werner report in its income statement for the year ended December 31, 2013? (Round "PV Factor" to 5 decimal places, intermediate and final answer to the nearest whole dollar amount.) Pretax amount $ 4. What pretax amounts related to the lease would Werner report in its statement of cash flows for the year ended December 31, 2013? (Round "PV Factor" to 5 decimal places, intermediate and final answers to the nearest whole dollar amount.) Capital lease $ Interest portion $ Principal portion $