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(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

(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.

image text in transcribedExercise 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

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