I need help with situation 4. Both 95,000 and 105,300 don't work for lease payment, and I can't figure out the rest for situation 4 either. This is problem 9P in ch 15 of intermediate accounting (9th edition) ISBN:125972266X

Return to question Each of the four independent situations below describes a sales-type lease in which annual lease payments of $19,500 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.) ituation Lease term (Yea) Asset's useful life (vears) Lessor's implicit rate known by leasee 133 13% 133 13% Reaiduai vaiue: 0 $7,800 3, 900 Unguaranteed Purchaage option: Atter (veara) 0 3,900 $7,800 n/a , 900 2,500 4,900 Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) Answer is complete but not entirely correct. Situation A. The lessors 1 Lease payments 2. 3. Net investment in the lease 7,5000530105,300 97.500 97.500. 105.30001 105.300. 106,300 77,5030| 81,7370| 81,7370| a1.737 Gross investment in the B. The lessee's 4 Lease payments 5. Richt-of-use asset 6. Lease payable 97.500 97,500 97500 7 50377 50377503 106.300 7503 77.503 77.503 77,503 77,503 Prev 5of 5 Next