9 Each of the four independent situations below describes a sales-type lease in which annual lease payments of $15,500 are payable at the beginning of each year. Each is a finance lease for the lessee. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1 3 3 10% Situation 2 3 3 3 4 4 10% 10% 4 3 6 10% Lease term (years) Asset's useful life (years) Lessor's implicit rate (known by lessee) Residual value: Guaranteed Unguaranteed Purchase option: After (years) Exercise price Reasonably certain? by lessee $ 6,200 $ 3,100 $ 3,100 $ 6,200 none n/a n/a 2 $ 8,100 no $ 2,100 no $ 4,100 yes Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) Situation 1 2 3 4 $ 46,500 46,500 46,500 46,500 52,700 52,059 49,600 46,041 A. The lessor's 1. Lease payments Gross investment in the lease 3. Net investment in the lease B. The lessee's: 4. Lease payments 5. Right-of-use asset 6. Lease payable 46,500 46,500 46,500 52,700 52,059 46,041