5 Each of the four independent situations below describes a sales type lease in which annual lease payments of $110,000 are payable at the beginning of each year Each is a finance lease for the lessee. (EV of $1. PV of $1. EVA of S1. PVA of $1. EVAD of $1 and PVAD of S1) (Use appropriate factor(s) from the tables provided.) situation 7 7 11 100 8 120 Le term (years) LassortAnd lensee's interest rate Residual values Estimated tair value Guaranteed by lessen 8 $52.000 0 $8.200 $8,200 $52,000 $62.000 Determine the following amounts at the beginning of the lease (Round your intermediate and final answer to the nearest whole dollar amount.) Situation 2 3 A The lessor's 1. Lease payments 2. Gross Investment in the lease 3. Net investment in the lease The lessee's 4. Lease payments S. Right-of-use asset 6. Lease payable