Werner Chemical, Incorporated, leased a protein analyzer on September $30,2024.$ The five$-$year lease agreement calls for Werner to make quarterly lease payments of $$371,970,$ payable each September $30,$ December $31,$ March $31,$ and June $30,$ with the first payment on September $30,2024.$ 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.

Note: Use tables, Excel, or a financial calculator. $($EV of $$1,$ PV of $$1,$ FVA of $$1,$PVA of $$1,$FVAD of $$1$ and PVAD of $$1)$

Required:

Determine the present value of the lease payments on September $30,2024.$

What pretax amounts related to the lease would Werner report in its balance sheet on December $31,2024?$

What pretax amounts related to the lease would Werner report in its income statement for the year ended December $31,2024?$

What pretax amounts related to the lease would Werner report in its statement of cash flows for the year ended December $31,2024?$

Complete this question by entering your answers in the tabs below.

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 $31,2024?$

Note: Round your intermediate and final answers to nearest whole dollar.

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