Solve the Problem in its entirety

Each of the four independent situations below describes a sales-type lease in which annual lease payments of $13,000 are payable at the 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.) 1 - 2 Situation 34 4 5 10% 10% 10% 5 10% 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? 0 0 $5,200 0 $2,600 $2,600 $5,200 none n/a n/a $ 7,600 no $ 1,600 no $3,600 yes Determine the following amounts at the beginning of the lease: (Round your final answers to nearest whole dollar.) Situation 2 3 4 A. The lessor's: 1. Lease payments 2. Gross investment in the lease 3. Net investment in the lease The lessee's: 4. Lease payments 5. Right-of-use asset 6. Lease payable