On January $1,$ Year $1,$ Brown Company borrowed cash from First Bank by issuing a $$71,500$ face value, four$-$year term note that had an $7$ percent annual interest rate. The note is to be repaid by making annual cash payments of $$21,109$ 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 $$37,895$ cash per year.

Problem $10-26($Algo$)$ Part a

Required

a$.$ Prepare an amortization schedule for the four$-$year period.

Note: Round your answers to the nearest whole dollar amount.

$\backslash$table$[[$BROWN COMPANY$],[$Amortization Schedule,,,,,,$],[$Year$,\backslash$table$[[$Principal Balance on$],[$January $1]],\backslash$table$[[$Cash Payments$],[$December $31]],\backslash$table$[[$Applied to$],[$Interest$]],\backslash$table$[[$Applied to$],[$Principal$]],\backslash$table$[[$Principal Balance$],[$End of Period$]],],[$Year $1,,,,,,],[$Year $2,,,,,,],[$Year $3,,,,,,],[$Year $4,,,,,,]]$