Each of the four independent situations below describes a sales-type lease in which annual lease payments of $165,000 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) 7 7 6 12% Lessor's and lessee's interest rate 11% 11% Residual value: Estimated fair value $63,000 $9,300 $63,000 $9,300 $73,000 Guaranteed by lessee 0 Determine the following amounts at the beginning of the lease: (Round your intermediate and final answer to the nearest whole dollar amount.) 6 10% 0 A B The lessor's: 1. Total lease payments 2. Gross investment in the lease 3. Net investment in the lease The lessee's: 4. Total lease payments 5. Right-of-use asset 6. Lease liability Answer is not complete. Situation 1 2 3 $ 990,000 $ 990,000 $ 1,155,000 990,000 1,053,000 1,164,300 790,480 791,706 990,000 990,000 1,155,000 790,480 759,788 863,039 790,480 759,788 863,039 4 1,155,000