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Need help on situation 4 Please provide answers to following with detailed workings: THE LESSOR Total Lease Payments Gross Investment in lease Net Investment in

Need help on situation 4

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Please provide answers to following with detailed workings:

THE LESSOR
Total Lease Payments
Gross Investment in lease
Net Investment in lease
THE LESSEE
Total Lease Payments
Gross Investment in lease
Lease Liability
Each of the four independent situations below describes a sales-type lease in which annual lease payments of $14,000 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.) Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.)

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