Each of the four independent situations below describes a sales-type lease in which annual lease payments of $175,000 are payable at the beginning of each year. Each is a finance lease for the lessee. (EV 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) 8 9 Lessor's and lessee's interest rate 10% 121 93 11 Residual value: Estimated fair value 0 $65,000 $9,500 $65,000 $75,000 Guaranteed by lesse $9,500 Determine the following amounts at the beginning of the lease (Round your intermediate and final answer to the nearest whole dollar amount.) Situation 1 2 The lessor's A 1. Lease payments 2. Gross investment in the lease 3. Net investment in the lease The lessee's: 4. Lease payments 5. Right-of-use asset 6. Lease payable