Each of the four independent situations below describes a sales-type lease in which annual lease payments of $150,000 are payable at the beginning of each year. Each is a finance lease for the lessee.

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)	7	7	8	8
Lessor's and lessee's interest rate	12%	10%	10%	10%
Residual value:
Estimated fair value	$ 0	$ 60,000	$ 9,000	$ 60,000
Guaranteed by lessee	$ 0	$ 0	$ 9,000	$ 70,000

Determine the following amounts at the beginning of the lease.

Note: Round your intermediate and final answers to the nearest whole dollar amount.

the lessors's:

total lease paymnets

gross investment in the lease

net investment in the lease

the lessees:

total lease paymnets

right-of-use asset

lease liability