Each of the four independent situations below describes a sales-type lease in which annual lease payments of $155,000 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
	1	2	3	4
Lease term (years)	8	8	9	9
Lessor's and lessee's interest rate	8%	10%	9%	11%
Residual value:
Estimated fair value	0	$61,000	$9,100	$61,000
Guaranteed by lessee	0	0	$9,100	$71,000

Each of the four independent situations below describes a sales-type lease in which annual lease payments of $155,000 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.) 1 8 8% Situation 2 3 8 9 10% 9% 4 9 11% Lease term (years) Lessor's and lessee's interest rate Residual value: Estimated fair value Guaranteed by lessee $61,000 0 0 $9, 100 $9, 100 $61,000 $71,000 Determine the following amounts at the beginning of the lease: (Round your intermediate and final answer to the nearest whole dollar amount.) Situation 2 3 The lessor's: 1. Total lease payments 2. Gross investment in the lease 3. Net investment in the lease The lessee's: 4. Total lease payments 5. Right-of-use asset 6. Lease liability B