Each of the four independent situations below describes a sales-type lease in which annual lease payments of $12,000 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 Lease term (years) Asset's useful life (years) Lessor's implicit rate (known by lessee) Residual value: 13% 13% 13% 13% 0 $4,800 2,400 Guaranteed by lessee Unguaranteed 0 2,400 $4,800 Purchase option: After (years) Exercise price Reasonably certain? none n/a $7,400 $ 1,400 $3,400 n/a no no yes Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) Situation 4 A. The lessor's 1. Lease payments 2. Gross investment in the lease 3. Net investment in the lease B. The lessee's 4. Lease payments 5. Right-of-use asset 6. Lease payable