On June $30,2021,$ Atlas, Inc. leased a warehouse facility from LT Leasing Corporation. The lease agreement calls for Atlas to make semiannual lease payments of $$1,688,721$ over a three$-$year lease term, payable each June $30$ and December $31,$ with the first payment at June $30,2021.$ Atlas's incremental borrowing rate is $10\%,$ the same rate LT uses to calculate lease payment amounts. The fair value of the warehouse is $$9$ million. LT recently purchased the warehouse for $$9$ million.Required:Amortization is recorded on a straight$-$line basis at the end of each fiscal year. Round your answers to the nearest whole dollar amounts. Show your work$\mathrm{.}1.$Determine the present value of the lease payments at June $30,2021($to the nearest $$000)$ that Atlas uses to record the right$-$of$-$use asset and lease liability$\mathrm{.}2.$What amounts related to the lease would Atlas report in its balance sheet at December $31,2021?($Ignore taxes.$)3.$What amounts related to the lease would Atlas report in its income statement for the year ended December $31,2021?($Ignore taxes.$)$