Each of the four independent situations below describes a sales-type lease in which annual lease payments of $10,000 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 $1andPVAD of $1)(Use appropriate factor(s) from the tables provided.)

Situation1234Lease term (years)4444Asset's useful life (years)4557Lessor's implicit rate (known by lessee)11%11%11%11%Residual value:Guaranteed by lessee0$4,000$2,0000Unguaranteed00$2,000$4,000Purchase option:After (years)none343Exercise pricen/a$7,000$1,000$3,000Reasonably certain?n/anonoyes

Determine the following amounts at the beginning of the lease(Round your final answers to nearest whole dollar.):

Each of the four independent situations below describes a salestype lease in which annual lease payments of $10,000 are payable at the beginning of each year. Each is a nance 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 factorlsJ from the tables provided.) 20 points Situation 1 2 3 4 Lease term (years) 4 4 4 4- Asset's useful life (years) 4 S S 7 Lessor's implicit rate (known by lessee) 11% 11% 11% 11% Residual value: Guaranteed by lessee 8 $ 4,869 $ 2,809 B Unguar'anteed B 8 $ 2,809 $ 4,889 Purchase option: After (years) none 3 4 3 Exercise price nfa $ ?,860 $ 1,800 $ 3,809 Reasonably certain? nfa no no yes Determine the following amounts at the beginning of the lease {Round your nal answers to nearest whole dollor.): 9 Answer is complete but not entirely correct. A The lessor's: 1. Lease payments :5 40,000 9 a; 44,000 0 $ 44,000 0 $ 0 o 2. $55: \""95\"\" i" "'9 40,000 0 44,000 0 44,000 9 u 9 3. Net investment in the lease 34,437 9 3?,0?2 0 D o D 6 B The lessee's: 4. Lease payments 40,000 a D 0 40,000 0 D Q 5. Rightoluse asset 34,437 0 D 0 34,437 0 D o 6. Lease payable 34.43? a D 9 34,43? 0 D a