Each of the independent sitations below describes a finance lease in which annual lease payments are payable at the beginning of each year. The lessee is aware of the lessor's implicit interest rate.

	Situation
	1 - Lessee	2 - Lessor
Lease Term	10 years	20 years
Lessor's desired rate of return	10%	12%
Lessee's incremental borrowing rate	12%	10%
Fair value	900,000	600,000

For each situation determine the amount of the annual lease paymeent, as calculated by the lessor. Round answer to nearest whole dollar.