Paul's Pizzeria as signed a new five year lease for 1,000 SF of restaurant space in a shopping center in Granada Hills. The base rent on the lease is $3.00/SF, NNN with 3% annual rent increases to account for inflation. However, the lease has a percentage lease clause, that states the lessee will pay an additional 3% of gross annual sales over $1,200,000. Gross sales for the tenant are estimated to be as follows:

Year 1 - $ 1,200,000

Year 2 - $ 1,100,000

Year 3 - $ 1,400,000

Year 4 - $ 1,090,000

Year 5 - $ 1,500,000

What are the estimated annual lease payments for:

Year 1 ?

Year 2 ?

Year 3 ?

Year 4?

Year 5 ?