Each of the four independent situations below describes a sales-type lease in which annual lease payments of $18,000 are payable at the beginning of each year. Each is a finance lease for the lessee. (V of $1. P of $1. EVA 01.$. PVA OLSI, EVAD of S1 and PVAD OLS1) (Use appropriate foctor(s) from the tables provided.) 5 5 10% Situation 2. 5 5 6 6 10% 10% 4 5 3 10% Lease term (years) Asset's useful life (years) Lesson's implicit rate (known by lessee) Residual value Guaranteed by lessee Unguaranteed Purchase options After (years) Exercise price Reasonably certain? 3 $ 7,200 0 $3,600 $3,600 0 $ 7,200 none n/a n/a 4 $ 8,600 no $ 2,600 no $4,600 yes Determine the following amounts at the beginning of the lease: (Round your final onswers to nearest whole dollar.) Situation 2 3 A The lessor's 1 Total lease payments 2 Gross investment in the lease 3. Net investment in the lease Theses 4 Total lease payments 5. Right-of-use asset 16 Loose ability