Question: please, fill out this table below and correct the number with red cross. Each of the four independent situations below describes a sales-type lease in

please, fill out this table below and correct the number with red cross.

please, fill out this table below and correct the number with redcross. Each of the four independent situations below describes a sales-type lease

Each of the four independent situations below describes a sales-type lease in which annual lease payments of $14,500 are payable at the beginning of each year. Each is a finance lease for the lessee. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1 4 4 9% Situation 2 3 4 4 5 5 9% 9% 4 4 7 9% $5,800 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 $2,900 $2,900 0 $5,800 none n/a n/a $7,900 no 4 $1,900 no 3 $3,900 yes Situation 1 2 3 4 A. $ 58,000 58,000 58,000 47,400 58,000 63,800 63,800 47,400 The lessor's: 1. Total lease payments Gross investment in the 2. lease Net investment in the 3. lease The lessee's: 4. Total lease payments 5. Right-of-use asset 6. Lease liability 51,204 55,313 55,313 43,019 B. n| 58,000 51,204 51,204 58,000 51,204 51,204 58,000 51,204 51,204 47,400 43,019 43,019

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