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Need help with the last 3 incorrect answers below for the lessee. Each of the four independent situations below describes a sales-type lease in which

Need help with the last 3 incorrect answers below for the lessee.

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Each of the four independent situations below describes a sales-type lease in which annual lease payments of $170.000 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.) Situation 11% 10% 12% 12% Lease term (years) Lessor's and lessee's interest rate Residual value: Estimated fair value Guaranteed by lessee $64,882 $9,480 $9,480 $64,888 $74,888 Determine the following amounts at the beginning of the lease: (Round your Intermediate and final answer to the nearest whole dollar amount.) Answer is complete but not entirely correct. Situation 1 2 3 4 The lessor's 11.100.000 1,190,000 889,192 $1,190,000 1.254,000 943,236 $1,380,000 1,369,400 949,636 380.000 1,434,000 9 75,726 2. Gross investment in the lease 3. Net investment in the lease The lessee's: 4. Total lease payments 5. Right-of-use asset 6. Lease liability 1,190,000 889,192 889,182 1,190,000 9 10.394 910,394 0 1,360,000 945.839 945.830 1,434,000 X 975,726 X 975,727

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