Each of the four independent situations below describes a sales-type lease in which annual lease payments of $160,000 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 9 9% Situation 2 3 9 10 11% 108 4 10 12% Lease term (years) Lessor's and lessee's interest rate Residual value: Estimated fair value Guaranteed by lessee Oo $62,000 0 $9,200 $9,200 $62,000 $72,000 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 $ 1,440,000 $ 1,440,000 $ 1,600,000 1,440,000 1,502,000 1,609,200 1,045,571 1,007,616 1,084,990 1,672,000 1,035,701 A The lessor's: 1. Lease payments 2. Gross investment in the lease 3. Net investment in the lease B The lessee's: 4. Lease payments 5. Right-of-use asset 6. Lease payable 1,440,000 1,045,571 1,045,571 1,440,000 983,379 983,379 1,600,000 1,081,443 1,081,443 Each of the four independent situations below describes a sales-type lease in which annual lease payments of $160,000 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 9 9% Situation 2 3 9 10 11% 108 4 10 12% Lease term (years) Lessor's and lessee's interest rate Residual value: Estimated fair value Guaranteed by lessee Oo $62,000 0 $9,200 $9,200 $62,000 $72,000 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 $ 1,440,000 $ 1,440,000 $ 1,600,000 1,440,000 1,502,000 1,609,200 1,045,571 1,007,616 1,084,990 1,672,000 1,035,701 A The lessor's: 1. Lease payments 2. Gross investment in the lease 3. Net investment in the lease B The lessee's: 4. Lease payments 5. Right-of-use asset 6. Lease payable 1,440,000 1,045,571 1,045,571 1,440,000 983,379 983,379 1,600,000 1,081,443 1,081,443