Each of the four independent situations below describes a sales-type lease in which annual lease payments of $10,000 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)		4			4			4			4
Assets useful life (years)		4			5			5			7
Lessors implicit rate (known by lessee)		11	%		11	%		11	%		11	%
Residual value:
Guaranteed by lessee		0		$	4,000		$	2,000			0
Unguaranteed		0			0		$	2,000		$	4,000
Purchase option:
After (years)		none			3			4			3
Exercise price		n/a		$	7,000		$	1,000		$	3,000
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.):

			Situation
			1	2	3	4
A.	The lessors:
	1.	Lease payments	$40,000	$44,000	$44,000
	2.	Gross investment in the lease	40,000	44,000	44,000
	3.	Net investment in the lease	34,437	37,072
B.	The lessees:
	4.	Lease payments	40,000		40,000
	5.	Right-of-use asset	34,437		34,437
	6.	Lease payable	34,437		34,437

This is what I have so far. The missing blanks are the answers i can't get.

PLEASE SHOW WORK SO I CAN UNDERSTAND HOW TO COMPLETE THE QUESTIONS. THANKS. :)