Information for four separate finance/sales-type lease scenarios is provided as follows:

Required 

Answer the following questions for each separate scenario assuming that the lessee is aware of the lessor's implicit lease rate.

a. Compute the lessor's lease payment.

b. Compute the balance of the lessee's lease liability at the commencement of the lease, prior to the first payment.

c. Compute the balance of the lessee's right-of-use asset at the commencement of the lease.

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Lessor's desired rate of return Lease term. Fair value of underlying asset. A 6% B 7% C D 6% 8% 5 10 8 4 $140,000 $18,000 $230,000 Beginning Beginning End 12,000 80,000 30,000 3,500 250 1,000 1,200 - 1,500 - Beginning or end of year payments Guaranteed residual value. Residual value expected by lessee Initial direct costs paid by lessee Prepaid lease payment... Unguaranteed residual value expected by lessor. $35,000 Beginning.