Each of the four independent situations below describes a finance lease in which annual lease payments are payable at the beginning of each yearThe lessee is aware of the lessor's implicit rate of return Note: Use tables, Excel, or a financial calculatorof $1$PV of $1$FVA of PVA of $1$FVAD of $1$ and PVAD of Lease term $($years$)$ Lesson's rate of return value of lease asset Lesson's cost of lease asset Residual value: Estimated value Guaranteed fair value $9358,000358,000475,000473,00058,00083,00053,00015,00015,00030,00035,000$ Required : & bDetermine the amount of the annual lease payments as calculated by the lessor and the amount the lessee would record as a nightof$-$use asset and a lease liabilityfor each of the above situations Note: Round your answers to the nearest whole amount Lease Payments Residual Value PV of Payments PV Value Guarantee Right use Stuation $12$ Situation $34$