Exercise 1524 (Algo) Calculation of annual lease payments; residual value [LO15-2, 15.6] Each of the four independent situations below describes a finance lease in which annual lease poyments are payable ot the beginning of each year. The lessee is aware of the lessor's implicit rate of return. Note: Use tables, Excel, or a financial calculator. (FV of \$1. PV of \$1. FVA of \$1. PVA of S1, FVAD of S1 and PVAD of S1) 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 fight-of-use asset and a lease liablity, for each of the above situations. Note: Round your answers to the nearest whole dollar amount