Need help with the financial statements. Any help appreciated.

Required Information The following information apples to the questions displayed befow] On January 1. Year 1. Brown Compary borrowed cash from First Bank by issuing a $106.000 face-value, four year term note that had an 7 percent annual interest rate. The note is to be repaid by making annual cash payments of $31,294 that include both interest and principal on December 31 of each year Brown used the proceeds from the loan to purchase land that generoted rental revenues of $58.000cosh per year b. Prepare an income staternent, balance sheet, and staternent of cash flows for each of the four yearf. Rent revenue is coilected in cash at the end of each year (Hint Record the transaction for each year in T-accounts before preparing the financial statements) Complete this question by entering your answers in the tabs below. Prepare T-accounts for each of the four years. Rent revenue is collected in cash at the end of each year. (Select "cl" for all the closing entriesi Round your intermediate calculations and firal answers to then nearest dollar amounta.) Required Information [The following information applies to the questions displayed below] On January 1, Year 1. Brown Company borrowed cash from First Bank by issuing a $106,000 face-value, four-year term note that had an 7 percent annual interest rate. The note is to be repaid by making annual cash payments of \$31,294 that include both interest and principal on December 31 of each year. Brown used the proceeds from the loan to purchase land that generated rental revenues of $58.000 cash per year