Each of the four independent situations below describes a sales-type lease in which annual lease payments of $165,000 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)	6	6	7	7
Lessor's and lessee's interest rate	10%	12%	11%	11%
Residual value:
Estimated fair value	0	$63,000	$9,300	$63,000
Guaranteed by lessee	0	0	$9,300	$73,000

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 lessors:
	1. Total lease payments	$990,000	$990,000	$1,155,000	$1,155,000
	2. Gross investment in the lease	990,000	1,053,000	1,164,300
	3. Net investment in the lease	790,480	791,706
B	The lessees:
	4. Total lease payments	990,000	990,000	1,155,000
	5. Right-of-use asset	790,480	759,788
	6. Lease liability	790,480	759,788