Each of the four independent situations below describes a sales-type lease in which annual lease payments of $145,000 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 Lease term (years) Lessor s and lessee's interest rate Residual value: 11% 10% 3% 12% Est imat ed fair value Guarant eed by lessee $59, 000 $8, 900 $8, 900 $59, 000 $69,000 Determine the following amounts at the beginning of the lease (Round your intermediate and final answer to the nearest whole dollar amount.) Answer is complete but not entirely correct Situation 2 4 A The lessor's 1. Lease payments 2. Gross investment in the lease 3. Net investment in the lease $870,000$ 870,000$ 1,023,900 8 1084,000 1,032,900x 1,143,000 799,049 870,000 929,000 680,906 674,753 749,206 B The lessee's 4. Lease payments 5. Right-of-use asset 6. Lease payable 870,000 680,906 680,906 870,000 654,994 654,994 1,023,900 x 1,084,000 772,363 772,363 743,823 743,823