Please look to see what is right and what needs to be fixed

Each ofthe four independent situations below describes a sales-type lease in which annual lease payments of $16,500 are payable atthe 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.) Situation1 2 3 4Lease term (years) 5 5 5 5Asset's useful life (years) 5 6 6 8Lessor's implicit rate (known by lessee) 12% 12% 12% 12%Residual value:Guaranteed by lessee 0 $6,600 $3,300 0Unguaranteed 0 0 $3,300 $6,600Purchase option:After (years) none 4 5 3Exercise price n/a $8,300 $2,300 $4,300Reasonably certain? n/a no no yes Determine the following amounts at the beginning ofthe lease: (Round your final answers to nearest whole dollar.) 9 Answer is complete but not entirely correct.as 82,500 0 82,500 0 53,800 0 82,500 0 89,100 0 89,100 0 60,400 666,616 0 70,361 0 52,144 9 A. The lessor's: Total lease payments Gross investment in thelease Net investment in the lease ssee's: Total lease payments 5. Right-of-use asset Lease liability