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. EVA of $1. PVA of $1. EVAD of 51 and PVAD of $1) (Use appropriate factor(s) from the tables provided.). Situation 12 24 Lease tere (years) Lessor's rate of return (known Lessee's incremental borrowing Fair value of lease asset ebook $740,000 $1,055,000 $260,000 SC3% Print Required: 6. & b. Determine the amount of the a right-of-use asset and a nual lease payments as calculated by the lessor and the amount the lessee would record as for each of the above situations. (Round your answers to the nearest whole dollar.) 59 SESSI &