Each of the four Independent situations below describes a sales-type lease in which annual lease payments of $13.000 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.) 1 4 4 18% Situation 2. 3 4 4 5 5 10% 4 4 7 18x 185 Lease term (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? $ 5,200 $ 2,689 $ 2,680 $ 5,2ee none 3 $ 7,680 no 4 $1,600 no 3 $ 3,6ee yes n/a Determine the following amounts at the beginning of the lease: (Round your final answers 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 B. The lessee's: 4. Total lease payments 5. Right-of-use asset 6. Lease liability