Each of the four independent situations below describes a sales-type lease in which annual lease payments of $15,500 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! Guaranteed by lessee Unguaranteed Purchase option: After years) Exercise price Reasonably certain? 0 0 $6,200 0 $3,100 $3,100 $6,200 none n/a $8,100 no $2,100 no $4,100 yes 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 Each of the four independent situations below describes a sales-type lease in which annual lease payments of $15,500 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! Guaranteed by lessee Unguaranteed Purchase option: After years) Exercise price Reasonably certain? 0 0 $6,200 0 $3,100 $3,100 $6,200 none n/a $8,100 no $2,100 no $4,100 yes 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