Each of the four independent situations below describes a sales-type lease in which annual lease payments of $14,500 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.)

Situation 2 1 3 4. 4 5 1 5 13% 13% 13% 13% Lease term (years) Asset's useful life (years) Lessor's implicit rate (known by lessee) Residual value: Guaranteed by lessee Unguaranteed Purchase option: After (years) Exercise price Reasonably certain? O 0 $5,800 0 $2,900 $2,900 0 $5,800 none n/a n/a $7,900 no $1,900 no 3 $3,900 yes Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) Situation 2 1 3 4 $ 58,000 47,400 58,000 58,000 58,000 63,800 47,400 48,737 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 58,000 48,737 48,737