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. (FV of $1, PV of $1, EVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Situation 3 Lease term (years) 7 7 8 8 Lessor's and lessee's interest rate 123 113 Residual value: Estimated fair value $60, 000 $9, 000 $60, 000 Guaranteed by lessee 0 $9, 000 $70, 000 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 3 4 A The lessor's: 1. Lease payments 2. Gross investment in the lease 3. Net investment in the lease B The lessee's: 4. Lease payments 5. Right-of-use asset 6. Lease payable