Each of the five independent situations below describe a sales-type lease in which annual lease payments of $9.000 are payable at the beginning of each year. Each is a finance lease for the lessee. 4 4 Situations 1 2 3 5 Lease term 5 5 4 4 (years) Lessor's rate of 9% 8% 7% 6% 7% return Residual Value: Estimated 0 $2,000 $3,000 $2,000 $6,000 fair value Guaranteed 0 0 $3,000 $6,000 $7.000 fair value Purchase Option: After none none 2 (years) Exercise n/a n/a 10,000 20,000 $5,000 price Reasonably n/a n/a no no yes certain? 2 N Calculate the amount the lessor would record as a lease receivable and the lessee would record as a right-of-use asset, for each of the above situations, Round to the nearest dollar. Format ($XXXXX)