Each of the four independent situations below describes a sales-type lease in which annual lease payments of $100,000 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 2 4 1 3 Lease term (years) Lessor's and lessee's interest rate Residual value : 8 7 7 8 9% 11% 10% 12% Estimated fair value $50,eee $8,eee $8,e00 $50,eee $60,e0e e Guaranteed by lessee e Determine the following amounts at the beginning of the lease. (Round your intermediate and final answers to the nearest whole dollar amount.) Situation 2 3 4 The lessor's: A 700,000 $ 800,000 1. Lease payments 700,000 2. Gross investment in the lease 808,000 750,000 700,000 590,574 548,592 3. Net investment in the lease 547,137 The lessee's: B 700,000 800,000 4. Lease payments 700,000 5. Right-of-use asset 586,842 548,592 523,054 6. Lease payable 523,054 586,842 548,592