9 Each of the four independent situations below describes a sales-type lease in which annual lease payments of $16,000 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 4 4 116 Situation 2 4 5 5 110 110 4 7 110 Lease term (years) Asset's useful life (years) Lessor's implicit rate (known by lessee) Residual value: Guaranteed by lessee Unguaranteed Purchase option: After (years) Exercise price Reasonably certain? 0 0 $6,400 0 $3,200 $3,200 0 $6,400 none n/a n/a 3 $8,200 no $2,200 no $4,200 yes Determine the following amounts at the beginning of the lease: (Round your final answers to nearest Ivhole dollar.) Situation $ 70,400 64,000 64.000 67,200 A The lessor's: 1. Lease payments 2. Gross investment in the lease 3. Net investment in the lease B. The lessee's 4. Lase payments 5. Right-of-use asset 6. Lease payable