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Please Answer the blanks. The PV of $1 can be up to 4 decimal places (0.0000) Exercise 15-24 (Algo) Calculation of annual lease payments; residual

image text in transcribedPlease Answer the blanks. The PV of $1 can be up to 4 decimal places (0.0000)

Exercise 15-24 (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 payments are payable at 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 $1, FVAD of $1 and PVAD of $1 ) 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 right-of-use asset and a lease liability, for each of the above situations. Note: Round your answers to the nearest whole dollar amount

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