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All of the answers in there already are correct. Please help me finish it. Thank you. Each of the four independent situations below describes a

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All of the answers in there already are correct. Please help me finish it. Thank you.

Each of the four independent situations below describes a sales-type lease in which annual lease payments of $16,500 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.) Situation 12% 12% 12% 12% 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? O 0 $6,600 0 $3,300 $3,300 0 $6,600 none n/a n/a $8,300 5 $2,300 no 3 $4,300 yes no Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) Situation 1 2 3 $ 82,500 82,500 82,500 89,100 82,500 89,100 A. The lessor's: 1. Total lease payments 2. Gross investment in the lease 3. Net investment in the lease B. The lessee's: 4. Total lease payments 5. Right-of-use asset 6. Lease liability 82,500 | 82,500 82,500

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