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. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) Situation 1 2 3 4 Lease term (years) Lessor's rate of return Fair value of lease asset 6 10% 9 11% 7 10 9% 12% $ 58,000 $ 358,000 Lessor's cost of lease asset $ 58,000 $ 358,000 $ 83,000 $ 53,000 $ 473,000 $ 473,000 Residual value: 0 $ 58,000 $ 15,000 $ 30,000 0 $ 15,000 $ 35,000 Estimated fair value Guaranteed fair value 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. Note: Round your answers to the nearest whole dollar amount.