On January $1,$ Year $1,$ Brown Company borrowed cash from First Bank by issuing a $$47,500$ face value, four$-$year term note that had an $4$ percent annual interest rate. The note is to be repaid by making annual cash payments of $$13,086$ 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 $$24,225$ cash per year.

Required

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

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

$\backslash$table$[[\backslash$table$[[$BROWN COMPANY$],[$Amortization Schedule$]]],[$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$],[$Ehd of Period$]]],[$on January $1$ veceminer.$],[\backslash$table$[[$Year $1],[$Year $2]]],[\{$

$\backslash$table$[[$Year $2],[$Year $3]]\}],[]]$