Each of the four independent situations below describes a sales-type lease in which annual lease payments of $185,000 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 6 9% Situation 2 3 6 7 11% 10% 4 7 12% Lease term (years) Lessor's and lessee's interest rate Residual value: Estimated fair value Guaranteed by lessee 0 0 $67,000 0 $9,700 $9,700 $67,000 $77,000 Determine the following amounts at the beginning of the lease (Round your intermediate and final answer to the nearest whole dollar amount.): Situation 1 2 3 4 A The lessor's: 1. Lease payments 2. Gross investment in the lease 3. Net investment in the lease $ 1,110,000 1,110,000 904,585 $ 1,110,000 1,177,000 1,304,700 B The lessee's: 4. Lease payments 5. Right-of-use asset 6. Lease payable 1,110,000 904,585 904,585 868,741 868,741 990,723 990,723