(Note: Problems 28, 29, and 30 are three variations of the same basic situation.) Werner protein analyzer on September 30, 2018. The five-year lease agreement calls for Werner t payments of S391,548, payable each September 30, December 31, March 31, June 30, w September 30, 2018 Werners incremental borrowing rate is 12%. Amortization is Inc P 15-28 Finance lease; lessee; financial statement effects Werner to make quarterly lea with the first paymen recorded on a straight-ling , i LO15-2,LO15-8 basis at the end of each fiscal year. The useful life of the equipment is five years. Required Determine the present value of the lease payments at September 30, 2018 (to the nearest so 2. What pretax amounts related to the lease would Werner report in its balance sheet at December 31 3. What pretax amounts related to the lease would Werner report in its income statement for the year ene 4. What pretax amounts related to the lease would Werner report in its statement of cash flows for the yee December 3 1, 2018? ended December 31, 2018