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Each of the three independent situations below describes a finance lease in which annual lease payments are payable at the end of each year. The

Each of the three independent situations below describes a finance lease in which annual lease payments are payable at the end of
each year. The lessee is aware of the lessor's implicit rate of return. (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.)
Required:
a. & b. Determine the amount of the annual lease payments as calculated by the lessor and the amount the lessee would record as
a right-of-use asset and a lease lability, for each of the above situations. (Round your answers to the nearest whole dollar.)
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