Four independent situations are described below. For each, annual lease payments of $100,000 (not including any executory costs paid by lessor) are payable at the beginning of each year. Each is a capital lease for both the lessor and lessee. Determine the following amounts at the inception of the lease:

A. The lessor’s:

1. Minimum lease payments

2. Gross investment in the lease

3. Net investment in the lease

4. Sales revenue

5. Cost of goods sold

6. Dealer’s profit

B. The lessee’s:

7. Minimum lease payments

8. Leased asset

9. Lease liability