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Each of the four independent situations below describes a sales-type lease in which annual lease payments of $12.500 are payable at the beginning of each year. Each is a finance lease for the lessee. (FV of $1. PV of $1. FVA of S1, PVA of S1, FVAD of S1 and PVAD of S1 (Use appropriate factor(s) from the tables provided.) Situation 2 3 3 8% 3 3 4 4 8% 4 3 6 85 Lease term (years) Asset's useful life (years) Lessor's implicit rate (known by lessee) Residual value: Guaranteed by lessee Unguaranteed Purchase option: After (years) Exercise price Reasonably certain? $5,000 e e $ 2,500 $ 2,500 es $ 5,000 none n/a n/a 2 $ 7,500 no $1,500 no 3 3,500 yes Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar) Each of the four independent situations below describes a sales-type lease in which annual lease payments of $12,500 are payable at the beginning of each year. Each is a finance lease for the lessee (FV of $1, PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1 3 3 8% Situation 2 3 3 3 4 4 8% 8 4 3 6 8% Lease term (years) Asset's useful life (years) Lessor's implicit rate (known by lessee) Residual value: Guaranteed by lessee Unguaranteed Purchase option: After (years) Exercise price Reasonably certain? $5,000 @ @ $ 2,500 $ 2,500 $5,000 none n/a n/a 2. $ 7,500 no 3 $1,500 no $ 3,500 yes Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) Situation 2 3 A. The lessor's: 1. Total lease payments 2. Gross investment in the lease $ ook 37,500 37,500 33,083 37,500 42,500 36,458 37,500 42,500 34,771 41,000 41,000 35,446 sint rences 3. Net investment in the lease B. The lessee's: 4. Total lease payments 5. Right-of-use asset 6. Lease liability 37,500 45,000 42,500 40,000 40,000 41,000 41,000