9 of each year. The lessee is aware of the lessor's implicit rate of return. (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.) Situation Lease term (years) Lessor's rate of return Fair value of lease Lessor's cost of lease asset Residual value: 9% 10% 11% $69,000 $369,000 $94,000 $484,000 $69,000 $369,000 $64,000 $484,000 asset Estimated fair value Guaranteed fair value 0 69,000 $26,000 38,000 0 $26,000 43,000 Required a. & b. Determine the amount of the annual lease payments as calculated by the lessor and the amount the lessee would record as a right-of-use asset and a lease liability, for above situations. (Round your PV factor answers to 5 decimal places and other answer to nearest whole dollar.) Required: a. & b. Determine the amount of the annual lease payments as calculated by the lessor and the amount the lessee would record as a right-of-use asset and a lease liability, for above situations. (Round your PV factor answers to 5 decimal places and other answer to nearest whole dollar.) Right-of-use Asset/Lease Liability Residual Value PV of Lease PV of Residual Payments Value Guarantee Lease Payments Guarantee Situation 1 Situation2 Situation 3 Situation4 0 0 0 9 of each year. The lessee is aware of the lessor's implicit rate of return. (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.) Situation Lease term (years) Lessor's rate of return Fair value of lease Lessor's cost of lease asset Residual value: 9% 10% 11% $69,000 $369,000 $94,000 $484,000 $69,000 $369,000 $64,000 $484,000 asset Estimated fair value Guaranteed fair value 0 69,000 $26,000 38,000 0 $26,000 43,000 Required a. & b. Determine the amount of the annual lease payments as calculated by the lessor and the amount the lessee would record as a right-of-use asset and a lease liability, for above situations. (Round your PV factor answers to 5 decimal places and other answer to nearest whole dollar.) Required: a. & b. Determine the amount of the annual lease payments as calculated by the lessor and the amount the lessee would record as a right-of-use asset and a lease liability, for above situations. (Round your PV factor answers to 5 decimal places and other answer to nearest whole dollar.) Right-of-use Asset/Lease Liability Residual Value PV of Lease PV of Residual Payments Value Guarantee Lease Payments Guarantee Situation 1 Situation2 Situation 3 Situation4 0 0 0