(Algo) Calculation of annual lease payments; residual value [LO15-2, 15-6]

Each of the four independent situations below describes a finance lease in which annual lease payments are payable at the beginning of each year. The lessee is aware of the lessors implicit rate of return.

Exercise 15-24

Pls show work thx.

Required: a. \& b. Determine the amount of the annual lease payments as calculated by the lessor and the amount the lessee would record right-of-use asset and a lease liability, for each of the above situations. Note: Round your answers to the nearest whole dollar amount