On June $30,2024,$ Georgla Atlantic, Incorporated leased warehouse equipment from Bulders, Incorporated The lease agreement calls for Georgia$-$Atlantic to make semiannual lease payments of $$681,881$ over a $4-$year lease term $($also the asset's useful itife$),$ payable each June $30$ and December $31,$ with the first paymert on June $30,2024.$ Georgla$-$Alarisc's incremental borrowling rate is $90\%,$ the same rate Bulders used to calculate lease payment amounts. Bulders manufactured the equipment at a cost of $$4\mathrm{.}2$ million. Note: Use tables, Excel, or a financial calculator. $$V of $$3.$ PV of $$1$ PVA of $$2,$ PVA of $$1$ PVAD of $$1$ and PVAD of $$7$

Required:

Dotermire the price at which Bulders is "selling" the equipment $($present value of the lease payments$)$ on June $30,2024.$

What amount related to the lease would Bulders report in Its balance sheet on December $3$t$,2024$ fognore taxesi?

What line them amounts related to the lease would Bulders report in its income statement for the year ended December $3$r$,2024$ fignore taxes$)?$

Note: For all requirements, enter your answers in whole dollars and not in millions. Round the intermedate calculation and final answers to the nearest whole dollar.

Answer is complete but not entirely correct.

$\backslash$table$[[1.$ Present value,$3,4\mathrm{.}740\mathrm{.}000],[2.$ Pretax ner receivable,$5,4,740,000],[3.$ Total prectar effect on ner income,$5,540\mathrm{.}000]]$