Each of the four independent situations below describes a sales-type lease in which annual lease payments of $19,500 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 1 Lease term (years) Asset's useful 1life (years) Lessor s implicit rate (known by lessee) Residual value: 13% 13% 13% 13% Guaranteed by lessee Unguaranteed 0 $7,800 3,900 0 $3,900 $ 7,800 Purchase option: After (years) Exercise price Reasonably certain? one n/a n/a 8,900 2,900 4,900 yes no Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) Situation A. The lessor's 1. Lease paymen 2. Gross investment in the lease 3. Net investment in the lease $ 97,500 97,500 105,300 105,300 105,300 105,300 B. The lessee's 97,500 4. Lease payments 5. Right-of-use asset 6. Lease payable 97,500 Each of the four independent situations below describes a sales-type lease in which annual lease payments of $19,500 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 1 Lease term (years) Asset's useful 1life (years) Lessor s implicit rate (known by lessee) Residual value: 13% 13% 13% 13% Guaranteed by lessee Unguaranteed 0 $7,800 3,900 0 $3,900 $ 7,800 Purchase option: After (years) Exercise price Reasonably certain? one n/a n/a 8,900 2,900 4,900 yes no Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) Situation A. The lessor's 1. Lease paymen 2. Gross investment in the lease 3. Net investment in the lease $ 97,500 97,500 105,300 105,300 105,300 105,300 B. The lessee's 97,500 4. Lease payments 5. Right-of-use asset 6. Lease payable 97,500