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Each of the four independent situations below describes a sales-type lease in which annual lease payments of $100,000 are payable at the beginning of each

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Each of the four independent situations below describes a sales-type lease in which annual lease payments of $100,000 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) 7 96 2 2 116 3 8 100 8 128 Lessor's and lessee's interest rate Residual values Estimated fair value Guaranteed by lessee $50,000 $8,000 $8,000 $50,000 $60,000 0 Determine the following amounts at the beginning of the lease. (Round your intermediate and final answers to the nearest whole dollar amount.) Situation A Tho lessor's: 1. Lease payments 2. Gross investment in the lease 3. Net investment in the lease The lessee's: 4. Lease payments 5. Right-of-use asset 6. Lease payable B

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