For each of the following four separate finance lease scenarios, determine the lease payment that the lessee should use to determine the appropriate lease classification.

a. Lease payments are \(\$ 3,000\) per month plus \(5 \%\) of lessee net sales. Lessee sales for year one are estimated to be \(\$ 100,000\)

b. Lease payments are computed as the greater of (a) \(5 \%\) of lessee net sales or (b) \(\$ 3,000\). Lessee sales for year one are estimated to be \(\$ 100,000\).

c. Annual lease payments are \(10 \%\) of lessee annual sales, with no fixed portion. Lessee sales for year one are estimated to be \(\$ 100,000\).

d. Lease payments total \(\$ 5,000\) in year one and increase each year based on the annual increase in the CPI at the end of the preceding year. The CPI at the end of the current year is expected to be \(2 \%\).