Each of the four independent situations below describes a sales-type lease in which annual lease payments of $20,000 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
		1			2			3			4
Lease term (years)		3			3			3			3
Assets useful life (years)		3			4			4			6
Lessors implicit rate (known by lessee)		8	%		8	%		8	%		8	%
Residual value:
Guaranteed by lessee		0		$	8,000		$	4,000			0
Unguaranteed		0			0		$	4,000		$	8,000
Purchase option:
After (years)		none			2			3			3
Exercise price		n/a		$	9,000		$	3,000		$	5,000
Reasonably certain?		n/a			no			no			yes

Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.)