Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) 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 Situation 1 2 3 4 1 Each of the four independent situations below describes a sales-type lease in which annual lease payments of $20,000 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.) 3 points Situation 1 2 3 4 Lease term (years) 3 3 3 3 eBook Asset's useful life (years) 3 4 4 6 Lessor's implicit rate (known by lessee) 8% 8% 8% 8% Residual value: Print Guaranteed by lessee References Unguaranteed 0 0 $8,000 0 $4,000 $4,000 0 $8,000 Purchase option: After (years) Exercise price Reasonably certain? none n/a n/a 2 2 2 $9,000 $3,000 $5,000 no no yes Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.)