When it comes to creating and formulating a paragraph it is a lot like baking a cake. You first have to think about what you want to write about, the same goes for baking a cake. You cant just start baking a cake you have to figure out what you want to make and look up the recipe. The topic sentence is the ingredients it informs the reader what the paragraph is going to be about. The body of the paragraph is the mixing and baking of the cake because it is essentially what makes the cake just like the body of the paragraph. The final icing on the cake represents the concluding sentence because it is the final touch that sums up the paragraph. I believe the similarity between baking and paragraph construction is the most accurate analogy.

On June 30, 2021, Georgia-Atlantic, Inc. leased warehouse equipment from IC Leasing Corporation. The lease agreement calls for Georgia-Atlantic to make semiannual lease payments of $604,355 over a five-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%, the same rate I used to calculate lease payment amounts. IC purchased the equipment from Builders, Inc. at a cost of $4.9 million. (FV of $1. PV of $1. FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. What pretax amount related to the lease would IC report in its balance sheet at December 31, 2021? 2. What pretax amount related to the lease would IC report in its income statement for the year ended December 31, 2021? (For all requirements, enter your answers in whole dollars and not in millions. Round your final answers to the nearest whole dollar.) 1. Pretax amount of net receivable Pretax amount of interest revenue 2