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 lessor's implicit rate of return. $($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.$)$

$\backslash$table$[[,$Situation,$],[,1,2,3,4,,],[$Lease term $($years$),6,9,7,10,,],[$Lessor$\text{'}$s rate of return,$10\%,11\%,9\%,12\%,,],[$Fair value of lease asset,$$58,000,$$$358,000,$$$83,000,$$$473,000,,],[$Lessor$\text{'}$s cost of lease asset,$$58,000,$$$358,000,$$$53,000,$$$473,000,,],[$Residual value:,,,,,,$],[$Estimated fair value,$0,$$$58,000,$$$15,000,$$$30,000,,],[$Guaranteed fair value,$0,0,$$$15,000,$$$35,000,,]]$

Required:

a$.$ & b$.$ Determine the amount of the annual lease payments as calculated by the lessor and the amount the lessee would record as a right$-$of$-$use asset and a lease liability, for each of the above situations. $($Round your answers to the nearest whole dollar amount.$)$

$\backslash$table$[[$Situation $1,$Lease Payments,$\backslash$table$[[$Residual Value$],[$Guarantee$]],\backslash$table$[[$PV of Lease$],[$Payments$]],\backslash$table$[[$PV of Residual$],[$Value Guarantee$]],\backslash$table$[[$Right$-$of$-$use$],[$Asset$/$Lease$],[$Liability$]]],[58,000,$$$,58,000],[$Situation $2,,,,,$$$,0],[$Situation $3,,,,,$$$,0],[$Situation $4,$P$,5,000,,,$$$,0]]$

Please show all work! For every step