On January 1, 2016, Brown Co. borrowed cash from First Bank by issuing a $107,000 face value, four-year term note that had an 6 percent annual interest rate. The note is to be repaid by making annual cash payments of $30,879 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 $59,000 cash per year.

Prepare an amortization schedule for the four-year period.(answers rounded to nearest dollar)

year	prin. bal. on jan 1	cash pay dec 31	applied to int.	applied to principal	prin. bal. end of period
2016
2017
2018
2019