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