Each of the four independent situations below describes a sales-type lease in which annual lease payments of $17,000 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.) 0 Lease term (years) Asset's useful life (years) Lessor's implicit rate (known by lessee) Residual values Guaranteed by lessee Unguaranteed Purchase options After (years) Exercise price Reasonably certain $6,800 0 $3,400 $3,400 $6,000 none n/a $8,400 $2,400 $4,400 yes DO no Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) Situation 23 A The lessor's 1. Total lease payments 2. Gross investment in the lease 3. Net investment in the lease B. The losseo's: 4. Total lease payments 5. Right-of-use asset Situation 0 Lease ten (years) Asset's useful life (years) Lessor's implicit rate (known by lessee) Residual value: Guaranteed by lessee Unguaranteed Purchase option: After (years) Exercise price Reasonably certain? $6,800 0 $3,400 $3,400 $6,800 none n/a n/a $8.400 $2.400 $4,400 yes no 1:49 Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) Situation 1 2 3 4 A. The lessor's: 1. Total lease payments 2. Gross investment in the lease 3. Net investment in the lease B. The lessee's: 4. Total lease payments 5. Right-of-use asset 6. Lease liability