consider $545,000 as lease payment

Each of the four independent situations below describes a sales-type lease in which annual lease payments original, panace payable at the beginning of each year . Each is a finance lease for the lessee. (FV of St. PV of $1. FVA of $1. PVA of S. FVAD of $1 and PVAD of $) (Use appropriate factor(s) from the tables provided.) 1 4 Situation 2 3 6 7 14% 10% 6 7 11% 12% Lease tern (years) Lessor's and lessee's interest rate Residual value: Estimated fair value Guaranteed by lessee 0 0 $55,000 $8,589 $55,000 0 $8,589 $65,000 Determine the following amounts at the beginning of the lease: (Round your intermediate and final answer to the nearest whole dollar amount. ) Situation 1 2 3 4 A The lessor's 1. Total lease payments $750,000 $750,000S 875,000 S 875,000 2. Gross investment in the lease 750,000 805,00 | 883,500 940,000 575597% 679,192 673,7702 685,125 3. Net investment in the lease B. The lessee's 4. Total lease payments 15. Right-of-use asset 16. Lease liability 750,00 750.000 875,00 575.597 554,135 575,597 554,135