Each of the four independent situations below describes a sales-type lease in which annual lease payments of $20,000 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) Asset's Lessor 's implicit rate (known by lessee) Residual value: useful life (years) 14% 14% 14% 14% Guaranteed by lessee Unquaranteed 0 $8,000 $4,000 0 $4,000 $8,000 Purchase option: After (years) Exercise price Reasonably certain? none n/a $9,000 3,000 $5,000 n/a no no yes Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) Answer is complete but not entirely correct Situation A.The lessor's: Lease payments Gross investment in the lease Net investment in the lease 60,00068,00068,00060,000 60,000 2,933 58,332 58,334 52,934 60,000 . 68,000 68,000 0 The lessee's 4 068,000 68,000 Lease payments Right-of-use asset Lease payable 60,000 5293352,933 55,634 58,334 2,933 52,933 55,634 58,334 60,000