Each of the four independent situations below describes a sales-type lease in which annual lease payments of $195,000 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 4 11% 10% 9% 12% Lease term (years) Lessor's and lessee's interest rate Residual value: Estimated fair value Guaranteed by lessee $69,000 $9,900 $9,900 $69,000 $79,000 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 $ $ $ 1,560,000 1,560,000 1,113,879 1,560,000 1,629,000 1,143,757 1,755,000 1,764,900 $ 1,755,000 1,824,000 The lessor's: 1. Lease payments 2. Gross investment in the lease 3. Net investment in the lease The lessee's: 4. Lease payments 5. Right-of-use asset 6. Lease payable | 1,755,000 1,560,000 1,113,879 1,113,879 1,560,000 1,143,757 1,143,757