Please help? I don't know what I am getting incorrect.

ltlli Situation Lease term (years) Lessor's rate ofl return Fair value of! lease asset Lessor's $ 58,000 ease asset Residual Estimate& fair 'value $ 20,000 Guaranteed fair IVa1ue 20, 000 Required: 8% s 63,000 $ 63,000 9% s 363.000 s 363.000 s 63.000 s s 7% 88, 000 S 478t 000 s 478,000 $ 32,000 S 37,000 a. & b. Determine the amount of the annual lease payments as calculated b?) -tile lessor and the amount the lessee would record as a right-of-use asset and a lease liability, for each of the above situations Notet Round your answers to the nearest whole dollar amount, ices Situation 1 Situation 2 Situation 3 Situation 4 ResidualValue OV OfLeA Lease Payments p fResiduar 14610 54,928 14 Guarantee 0 1,928 Payment$ 54928 74673 "72,800 Rrey.e Right-of-use Asset/Lease - Liabili 63.000 331382 74,673 .N.ext > Apr 21